Dover Corporation (DOV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,366,340 | 1,379,330 | 1,281,510 | 932,987 | 974,894 |
| Revenue | US$ in thousands | 8,306,830 | 8,391,830 | 7,800,760 | 6,577,040 | 7,136,400 |
| Operating profit margin | 16.45% | 16.44% | 16.43% | 14.19% | 13.66% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,366,340K ÷ $8,306,830K
= 16.45%
The operating profit margin of Dover Corp. has remained relatively stable over the past five years. From 2019 to 2021, the operating profit margin hovered around 16%, indicating efficient management in controlling costs and generating profits from operations. In 2020, there was a slight dip in the operating profit margin to 13.96%, which could be attributed to various factors such as economic conditions or specific industry challenges. However, the company was able to bounce back in 2021 and maintain a similar operating profit margin as the preceding years. Overall, the consistent operating profit margin suggests that Dover Corp. has been effective in managing its operating expenses and maximizing profitability from its core business activities over the years.
Peer comparison
Dec 31, 2023