CNH Industrial N.V. (CNH)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,704,000 | 4,017,000 | 3,648,000 | 1,198,000 | 2,800,000 |
| Revenue | US$ in thousands | 24,687,000 | 23,551,000 | 33,428,000 | 14,779,000 | 28,079,000 |
| Operating profit margin | 19.05% | 17.06% | 10.91% | 8.11% | 9.97% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,704,000K ÷ $24,687,000K
= 19.05%
CNH Industrial N.V.'s operating profit margin has shown a generally positive trend over the past five years, increasing from 9.97% in 2019 to 19.05% in 2023. This indicates that the company has been able to improve its operational efficiency and control costs effectively over the years. The significant increase from 2022 to 2023 suggests a notable boost in profitability, possibly due to successful cost-cutting measures or revenue growth outpacing expenses. However, it is essential to further investigate the factors contributing to this improvement to determine its sustainability and potential impact on the company's overall financial performance.
Peer comparison
Dec 31, 2023