CDW Corp (CDW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,680,900 | 1,735,200 | 1,419,000 | 1,179,200 | 1,133,600 |
| Revenue | US$ in thousands | 21,149,400 | 23,513,000 | 20,669,900 | 18,312,600 | 17,873,000 |
| Operating profit margin | 7.95% | 7.38% | 6.87% | 6.44% | 6.34% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,680,900K ÷ $21,149,400K
= 7.95%
CDW Corp's operating profit margin has shown a generally increasing trend over the past five years, from 6.29% in 2019 to 7.86% in 2023. This indicates that the company has been able to improve its operational efficiency and profitability, generating a higher proportion of operating profit for each dollar of sales. The gradual uptrend suggests that CDW Corp has been effectively controlling its operating expenses relative to its revenue, which is a positive sign for investors and stakeholders. Overall, the increasing trend in operating profit margin reflects positively on the company's financial performance and management of operational costs.
Peer comparison
Dec 31, 2023