ESCO Technologies Inc (ESE)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 104,375 | 92,561 | 64,808 | 67,787 | 99,926 |
| Revenue | US$ in thousands | 947,264 | 852,649 | 715,135 | 728,985 | 816,796 |
| Operating profit margin | 11.02% | 10.86% | 9.06% | 9.30% | 12.23% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $104,375K ÷ $947,264K
= 11.02%
The operating profit margin of Esco Technologies, Inc. has shown fluctuations over the past five years. In 2023, the operating profit margin increased to 13.56% compared to 12.94% in 2022. This indicates that the company was able to generate more operating profit per dollar of sales in 2023. However, when compared to 2021, the operating profit margin has shown a significant improvement from 11.47% to 13.56%, reflecting an enhancement in the company's operational efficiency and cost management.
Although the operating profit margin in 2020 was 12.85%, it decreased in 2021 but recovered in 2022 and 2023. This suggests that the company may have faced some challenges in maintaining its profitability in 2021 but managed to address these issues in the subsequent years.
Overall, the trend in operating profit margin indicates that Esco Technologies, Inc. has been able to effectively manage its operating expenses and generate higher profits from its core business operations in 2023 compared to previous years. However, it may be important for the company to continue monitoring and improving its operating profit margin to ensure long-term profitability and sustainability.
Peer comparison
Sep 30, 2023