ChampionX Corporation (CHX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 498,743 | 478,386 | 63,234 | 62,278 | -854,063 |
| Revenue | US$ in thousands | 3,633,980 | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 |
| Operating profit margin | 13.72% | 12.73% | 1.66% | 2.03% | -44.95% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $498,743K ÷ $3,633,980K
= 13.72%
The operating profit margin of ChampionX Corporation has shown a significant improvement over the past few years. Starting at a negative figure of -44.95% at the end of December 31, 2020, the company managed to turn things around and achieve positive operating profit margins of 2.03% at the end of December 31, 2021, and further improving to 1.66% by December 31, 2022.
The company's performance notably improved in the subsequent years, with the operating profit margin reaching 12.73% by December 31, 2023, and further increasing to 13.72% by December 31, 2024. This positive trend indicates that the company has become more efficient in managing its operating expenses and generating profits from its core business activities. Overall, ChampionX Corporation has demonstrated a steady improvement in its operating profit margin, showcasing its ability to enhance profitability over time.
Peer comparison
Dec 31, 2024