National Vision Holdings Inc (EYE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -46,826 | 61,275 | 174,937 | 87,007 | 73,575 |
| Revenue | US$ in thousands | 2,127,880 | 2,006,690 | 2,080,160 | 1,662,480 | 1,678,310 |
| Operating profit margin | -2.20% | 3.05% | 8.41% | 5.23% | 4.38% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-46,826K ÷ $2,127,880K
= -2.20%
The operating profit margin of National Vision Holdings Inc has fluctuated over the past five years. In 2019, the company achieved an operating profit margin of 4.38%, which increased to 5.23% in 2020. However, there was a notable decline in the operating profit margin to 8.41% in 2021 before dropping to 3.05% in 2022. The trend reversed in 2023, with the operating profit margin turning negative at -2.20%.
Overall, the variability in the operating profit margin suggests potential challenges in maintaining consistent profitability for National Vision Holdings Inc. Further analysis into the factors driving these fluctuations, such as changes in revenue, expenses, or operational efficiency, would be necessary to fully understand the company's financial performance.
Peer comparison
Dec 31, 2023