Ford Motor Company (F)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,458,000 | 6,276,000 | 4,523,000 | -4,408,000 | 574,000 |
| Revenue | US$ in thousands | 176,191,000 | 158,057,000 | 136,341,000 | 127,144,000 | 155,900,000 |
| Operating profit margin | 3.10% | 3.97% | 3.32% | -3.47% | 0.37% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,458,000K ÷ $176,191,000K
= 3.10%
The operating profit margin of Ford Motor Co. has fluctuated over the past five years, ranging from a low of -3.47% in 2020 to a high of 3.97% in 2022. In 2023, the operating profit margin decreased to 3.10%, indicating that for every dollar of sales generated, the company retained 3.10 cents as operating profit. Despite the volatility in recent years, Ford's operating profit margin has generally shown improvement from negative territory in 2020 to positive levels in subsequent years, reflecting efforts to enhance operational efficiency and profitability. Continued monitoring of this ratio will be crucial to assess Ford's ability to maintain and potentially improve its profitability levels in the future.
Peer comparison
Dec 31, 2023