Envestnet Inc (ENV)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -204,481 | -66,024 | 40,541 | 19,441 | -16,073 |
| Revenue | US$ in thousands | 1,221,030 | 1,231,540 | 1,170,410 | 967,838 | 870,954 |
| Operating profit margin | -16.75% | -5.36% | 3.46% | 2.01% | -1.85% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-204,481K ÷ $1,221,030K
= -16.75%
Envestnet Inc.'s operating profit margin has displayed fluctuations over the past five years. In 2023, the company reported a negative operating profit margin of -1.02%, which indicates that the company's operating expenses exceeded its operating income during that period. This is an improvement compared to 2022 when the operating profit margin was -5.33%.
In 2021, Envestnet Inc. achieved a positive operating profit margin of 3.42%, demonstrating that the company generated more operating income relative to its revenue. This positive margin indicates efficient management of operating expenses in relation to revenue.
Similarly, in 2020, the company recorded a lower but still positive operating profit margin of 1.95%, showing continued profitability in operations. However, in 2019, the operating profit margin dipped into negative territory at -1.79%, suggesting challenges in managing operating costs relative to revenue during that period.
Overall, Envestnet Inc.'s operating profit margin trend shows variability, with improvements in more recent years but challenges in earlier periods. Analyzing the factors influencing these fluctuations could provide insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023