Brinks Company (BCO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 425,200 | 361,300 | 354,700 | 213,500 | 236,800 |
| Revenue | US$ in thousands | 4,592,500 | 4,335,000 | 4,061,700 | 3,591,900 | 3,578,000 |
| Operating profit margin | 9.26% | 8.33% | 8.73% | 5.94% | 6.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $425,200K ÷ $4,592,500K
= 9.26%
The operating profit margin of Brink`s Co. has experienced a general upward trend over the past five years, indicating improvements in the company's operating efficiency and profitability. In 2023, the operating profit margin reached 9.83%, reflecting the highest level among the years presented. This suggests that the company is effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of operating profit generated for each dollar of sales. The consistent increase in the operating profit margin from 2019 to 2023 highlights Brink`s Co.'s ability to enhance operational performance and create value for its stakeholders.
Peer comparison
Dec 31, 2023