Ametek Inc (AME)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,707,460 | 1,500,690 | 1,308,670 | 1,027,880 | 1,177,380 |
| Revenue | US$ in thousands | 6,515,160 | 6,070,930 | 5,472,480 | 4,594,990 | 5,070,080 |
| Operating profit margin | 26.21% | 24.72% | 23.91% | 22.37% | 23.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,707,460K ÷ $6,515,160K
= 26.21%
The operating profit margin of Ametek Inc has shown a generally increasing trend over the past five years, from 22.82% in 2019 to 25.88% in 2023. This indicates that the company has been effectively managing its costs and expenses relative to its operating revenue.
Ametek Inc's operating profit margin has consistently remained above 20% during this period, reflecting a strong operational performance and efficient cost control measures. The improvement in the operating profit margin suggests that the company has been able to generate more operating income for each dollar of revenue earned.
Overall, the increasing trend in Ametek Inc's operating profit margin is a positive indicator of the company's profitability and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2023