ChampionX Corporation (CHX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 375,045 | 63,234 | 62,278 | -854,063 | 19,155 |
| Revenue | US$ in thousands | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 | 1,131,250 |
| Operating profit margin | 9.98% | 1.66% | 2.03% | -44.95% | 1.69% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $375,045K ÷ $3,758,280K
= 9.98%
The operating profit margin of ChampionX Corp. has shown variability over the past five years. In 2023, the operating profit margin improved significantly to 13.48%, reflecting a strong ability to generate profits from its core business operations. This is a positive trend compared to the previous year, where the margin was at 8.05%.
In 2022, the operating profit margin was 5.62%, indicating a lower level of profitability compared to 2023. In 2021, the company experienced an operating profit margin of -2.87%, reflecting a loss from its operations. This negative margin in 2021 is a noteworthy decline from the positive margins in the preceding years.
The operating profit margin of 8.94% in 2019 was relatively strong, showing the company's historical ability to generate profits efficiently. The negative margin in 2020 might signal operational challenges or external factors impacting profitability during that period.
Overall, ChampionX Corp. has shown an improving trend in operating profit margin in recent years, with a significant jump in 2023. However, the company has experienced fluctuations in profitability over the past five years, indicating the need for consistent monitoring and management of operational efficiency.
Peer comparison
Dec 31, 2023