Bruker Corporation (BRKR)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	436,900	432,700	413,300	248,300	300,900
Revenue	US$ in thousands	2,964,500	2,530,700	2,417,900	1,987,500	2,072,600
Operating profit margin		14.74%	17.10%	17.09%	12.49%	14.52%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $436,900K ÷ $2,964,500K
= 14.74%

Bruker Corp's operating profit margin has shown variability over the past five years. The operating profit margin was 16.32% in 2023, slightly lower than the 18.24% in 2022 and 17.68% in 2021. This may indicate a slight decrease in the company's efficiency in generating operating profit compared to the previous two years.

Moreover, when compared to 2020 and 2019, where the operating profit margin was 13.75% and 14.83% respectively, the company has shown improvement in profitability in the recent years. This improvement suggests that Bruker Corp has been able to enhance its operational efficiency and control costs to generate higher operating profit relative to its revenue.

Overall, while there has been some fluctuation in Bruker Corp's operating profit margin over the past five years, the company has demonstrated a trend towards improved profitability in the most recent years.