Ball Corporation (BALL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,273,000 | 1,214,000 | 1,291,000 | 1,003,000 | 932,000 |
| Revenue | US$ in thousands | 13,557,000 | 15,054,000 | 13,623,000 | 11,567,000 | 11,319,000 |
| Operating profit margin | 9.39% | 8.06% | 9.48% | 8.67% | 8.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,273,000K ÷ $13,557,000K
= 9.39%
Ball Corp.'s operating profit margin has demonstrated some variability over the past five years. In 2023, the operating profit margin improved to 10.16% from 8.37% in 2022, indicating better profitability from its core business operations. Although the margin was lower in 2022, it had previously peaked at 10.74% in 2020 and remained relatively stable around the 10% mark in 2021 and 2019. This trend suggests that Ball Corp. has generally been effective in managing its operating expenses and generating profits from its operations, with the recent increase in the operating profit margin potentially reflecting improved efficiency or cost controls within the company.
Peer comparison
Dec 31, 2023