DXP Enterprises Inc (DXPE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 138,722 | 97,752 | 39,857 | -27,668 | 67,412 |
| Revenue | US$ in thousands | 1,624,650 | 1,451,700 | 1,093,110 | 982,407 | 1,247,510 |
| Operating profit margin | 8.54% | 6.73% | 3.65% | -2.82% | 5.40% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $138,722K ÷ $1,624,650K
= 8.54%
The operating profit margin of DXP Enterprises Inc has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 8.54%, compared to 6.73% in 2022. This indicates that the company has been able to generate a higher percentage of operating profit relative to its revenues in the most recent year. The significant increase in the operating profit margin from 2022 to 2023 suggests that the company may have implemented cost-saving measures or improved operational efficiencies.
Looking back further, there was a notable improvement in the operating profit margin from 2019 to 2020, where it increased from -2.82% to 5.40%. This turnaround indicates that the company was able to increase its operating profitability and potentially overcome challenges it faced in 2019.
Overall, DXP Enterprises Inc has demonstrated an improving trend in its operating profit margin in recent years, with fluctuations in between. However, it is essential for the company to sustain this positive momentum and continue to focus on enhancing operational performance to ensure long-term financial health and profitability.
Peer comparison
Dec 31, 2023