Curtiss-Wright Corporation (CW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 484,602 | 423,443 | 382,683 | 288,848 | 403,953 |
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Operating profit margin | 17.33% | 16.87% | 15.53% | 12.08% | 16.24% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $484,602K ÷ $2,796,860K
= 17.33%
Curtiss-Wright Corp.'s operating profit margin has shown a generally positive trend over the past five years, with a slight increase from 16.24% in 2019 to 17.03% in 2023. This indicates the company's ability to efficiently control its operating expenses relative to its revenue, resulting in a higher percentage of profits from each dollar of sales. The consistent improvement in the operating profit margin reflects effective cost management and operational efficiency within the company. It suggests that Curtiss-Wright Corp. has been successful in maintaining and enhancing its profitability over the years.
Peer comparison
Dec 31, 2023