Allegheny Technologies Incorporated (ATI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 466,400 | 287,300 | 117,600 | -1,302,700 | 366,300 |
| Revenue | US$ in thousands | 4,050,200 | 3,594,600 | 2,646,300 | 2,858,800 | 4,079,500 |
| Operating profit margin | 11.52% | 7.99% | 4.44% | -45.57% | 8.98% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $466,400K ÷ $4,050,200K
= 11.52%
The operating profit margin of ATI Inc has shown a fluctuating trend over the past five years. It increased from 8.73% in 2019 to 11.37% in 2023, indicating an improvement in the company's ability to generate profits from its core operations. The significant increase in operating profit margin from 2021 to 2022, and then further in 2023, demonstrates a positive trend in the company's operational efficiency and profitability. Overall, the company has been able to effectively manage its operating costs and improve its profitability over the years.