CTS Corporation (CTS)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 72,780 | 75,051 | 55,088 | 78,166 | 23,911 |
| Revenue | US$ in thousands | 515,771 | 550,422 | 586,869 | 512,925 | 424,066 |
| Operating profit margin | 14.11% | 13.64% | 9.39% | 15.24% | 5.64% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $72,780K ÷ $515,771K
= 14.11%
CTS Corporation's operating profit margin has displayed fluctuating trends over the past five years. The margin increased from 5.64% as of December 31, 2020, to 15.24% by December 31, 2021, indicating a significant improvement in operational efficiency and cost management.
However, in the subsequent years, the operating profit margin experienced some volatility. By December 31, 2022, the margin decreased to 9.39%, potentially due to various factors such as increased expenses or a change in revenue streams.
The following year saw a positive rebound with the operating profit margin rising to 13.64% by December 31, 2023. This suggests that the company may have implemented strategies to enhance profitability and operational performance.
By the end of December 31, 2024, CTS Corporation's operating profit margin further improved to 14.11%, indicating continued efforts to optimize operations and enhance overall profitability. It is important for the company to continue monitoring and managing its operating profit margin to ensure sustainable growth and financial stability.
Peer comparison
Dec 31, 2024