Franklin Electric Co Inc (FELE)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 243,645 | 262,441 | 257,189 | 189,193 | 130,511 |
| Revenue | US$ in thousands | 2,021,340 | 2,065,130 | 2,043,710 | 1,661,860 | 1,247,330 |
| Operating profit margin | 12.05% | 12.71% | 12.58% | 11.38% | 10.46% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $243,645K ÷ $2,021,340K
= 12.05%
The operating profit margin of Franklin Electric Co Inc has shown a consistent upward trend over the past five years, increasing from 10.46% in December 31, 2020 to 12.05% in December 31, 2024. This indicates that the company has been able to effectively control its operating expenses and generate a higher proportion of profits from its operations. The gradual improvement in the operating profit margin reflects efficiency in managing costs and maximizing revenues. Additionally, the operating profit margin reaching 12.71% in December 31, 2023 suggests that the company experienced a peak level of profitability during that year. Overall, the steady growth in the operating profit margin reflects a positive trend in the company's operational performance and financial health.
Peer comparison
Dec 31, 2024