Flowserve Corporation (FLS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	333,553	197,219	270,759	250,277	386,623
Revenue	US$ in thousands	4,277,980	3,600,590	3,412,060	3,653,870	3,909,500
Operating profit margin		7.80%	5.48%	7.94%	6.85%	9.89%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $333,553K ÷ $4,277,980K
= 7.80%

Flowserve Corp.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin improved to 7.31%, a significant increase from 4.94% in 2022. This improvement suggests more efficient cost management or increased revenue generation. However, compared to 2019 when the margin was 10.03%, the current margin remains lower. The company's ability to sustain or further enhance this margin in the future will be crucial for its overall profitability and financial health.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Flowserve Corporation

FLS

7.80%