Crown Holdings Inc (CCK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,269,000 | 1,336,000 | 1,363,000 | 1,048,000 | 1,027,000 |
| Revenue | US$ in thousands | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 | 11,665,000 |
| Operating profit margin | 11.00% | 10.58% | 12.26% | 9.30% | 8.80% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,269,000K ÷ $11,532,000K
= 11.00%
The operating profit margin of Crown Holdings, Inc. has shown fluctuating trends over the past five years. In 2023, the operating profit margin increased to 11.52%, representing an improvement from the previous year. This indicates that the company was able to generate more operating income relative to its revenue in 2023.
Comparing to the prior years, the operating profit margin was slightly lower in 2022 at 9.92% but rebounded in 2021 to 11.72%. Both 2020 and 2019 also displayed decent operating profit margins of 11.21% and 10.24% respectively.
Overall, despite some variation year over year, the company has generally maintained healthy operating profit margins, signaling efficient management of operating expenses and a solid performance in generating profits from its core business operations.
Peer comparison
Dec 31, 2023