Equifax Inc (EFX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 933,600 | 1,056,000 | 1,138,000 | 676,600 | -335,400 |
| Revenue | US$ in thousands | 5,020,200 | 4,937,400 | 4,775,900 | 3,978,400 | 3,392,900 |
| Operating profit margin | 18.60% | 21.39% | 23.83% | 17.01% | -9.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $933,600K ÷ $5,020,200K
= 18.60%
Equifax, Inc.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin decreased to 17.73% from 20.62% in 2022. This represents a decrease in profitability compared to the prior year. However, it's important to note that the company's operating profit margin was the highest in 2021 at 23.11%, indicating strong operational efficiency that year. In 2020, the operating profit margin was 16.39%, showing a slight decline from the previous year. Notably, in 2019, the company experienced a negative operating profit margin of -9.56%, indicating a loss in operating efficiency.
Overall, Equifax, Inc.'s operating profit margin performance has been mixed in recent years, with fluctuations reflecting changes in the company's profitability and operational efficiency. Further analysis is recommended to understand the factors contributing to these fluctuations and assess the company's future prospects.