Crane NXT Co (CXT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 286,800 | 301,300 | 529,200 | 262,900 | 183,100 |
| Revenue | US$ in thousands | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 | 3,074,500 |
| Operating profit margin | 20.61% | 8.93% | 15.53% | 8.95% | 5.96% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $286,800K ÷ $1,391,300K
= 20.61%
Crane NXT Co's operating profit margin has exhibited fluctuations over the past five years. The operating profit margin increased from 5.96% in 2019 to 8.95% in 2020, reflecting an improvement in profitability. Subsequently, the margin declined to 15.53% in 2021 before decreasing further to 8.93% in 2022. However, a significant improvement was observed in 2023, with the operating profit margin reaching 20.61%. This upward trend indicates that Crane NXT Co has managed to enhance its operational efficiency and generate higher profits relative to its revenue in the most recent fiscal year.
Peer comparison
Dec 31, 2023