Brunswick Corporation (BC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 734,900 | 947,800 | 812,900 | 539,300 | 471,000 |
| Revenue | US$ in thousands | 6,401,400 | 6,812,200 | 5,846,200 | 4,347,500 | 4,108,400 |
| Operating profit margin | 11.48% | 13.91% | 13.90% | 12.40% | 11.46% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $734,900K ÷ $6,401,400K
= 11.48%
Over the past five years, Brunswick Corp.'s operating profit margin has shown a generally increasing trend, albeit with some fluctuations. The company's operating profit margin was 11.92% in 2019 and has steadily increased to 12.33% in 2023. This indicates that Brunswick has been able to effectively control its operating expenses relative to its revenue over this time period.
The peak operating profit margin of 14.28% in 2022 suggests that the company was particularly efficient in managing its costs and generating profits during that year. However, the slight decrease in the operating profit margin to 12.33% in 2023 may warrant further investigation to understand the factors contributing to this decrease.
Overall, Brunswick Corp.'s operating profit margin performance indicates a relatively healthy profitability level, with the company maintaining a good balance between revenue generation and controlling operating expenses. This metric is important for assessing the company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2023