Clearwater Paper Corporation (CLW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 177,100 | 113,900 | 12,000 | 158,100 | 45,400 |
| Revenue | US$ in thousands | 2,082,800 | 2,080,100 | 1,772,600 | 1,868,600 | 1,761,500 |
| Operating profit margin | 8.50% | 5.48% | 0.68% | 8.46% | 2.58% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $177,100K ÷ $2,082,800K
= 8.50%
The operating profit margin of Clearwater Paper Corp has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 8.70% from 5.87% in 2022, indicating stronger operational efficiency and profitability. This increase suggests that the company was able to better control its operating expenses relative to its revenue.
Comparing the 2023 operating profit margin to prior years, it is notably higher than the 3.87% seen in 2021 but lower than the 9.06% in 2020. The significant rise from 2.80% in 2019 to 8.70% in 2023 demonstrates a positive trend in the management of operating expenses and the generation of operating profits by Clearwater Paper Corp.
Overall, the upward trend in the operating profit margin over the past five years signals improved profitability and operational efficiency for the company.