Blackline Inc (BL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 14,348 | -56,198 | -38,614 | -19,891 | -27,899 |
| Revenue | US$ in thousands | 583,245 | 518,558 | 355,637 | 328,649 | 280,261 |
| Operating profit margin | 2.46% | -10.84% | -10.86% | -6.05% | -9.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $14,348K ÷ $583,245K
= 2.46%
Blackline Inc's operating profit margin has shown significant fluctuations over the past five years. In 2023, the operating profit margin improved to 2.46%, a stark contrast to the negative figures recorded in 2020, 2021, and 2022. The company had reported negative operating profit margins of -10.84%, -10.86%, and -6.05%, respectively, during those years. The lowest performance was noted in 2019 with an operating profit margin of -9.95%. The positive trend in 2023 may indicate improved operational efficiency and cost management compared to the previous years. Nevertheless, continuous monitoring and analysis of the operating profit margin will be crucial to assess the company's profitability and overall financial health.
Peer comparison
Dec 31, 2023