Flowserve Corporation (FLS)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 333,553 | 329,391 | 283,352 | 247,036 | 197,217 | 177,047 | 210,192 | 222,022 | 270,758 | 280,927 | 310,887 | 282,177 | 250,278 | 259,408 | 276,664 | 331,230 | 398,257 | 367,201 | 324,814 | 273,507 |
| Revenue (ttm) | US$ in thousands | 4,268,876 | 4,144,376 | 3,927,236 | 3,733,520 | 3,569,619 | 3,458,369 | 3,447,565 | 3,461,678 | 3,466,525 | 3,532,325 | 3,590,953 | 3,618,040 | 3,668,956 | 3,751,856 | 3,826,408 | 3,891,483 | 3,924,802 | 3,843,502 | 3,791,118 | 3,772,349 |
| Operating profit margin | 7.81% | 7.95% | 7.22% | 6.62% | 5.52% | 5.12% | 6.10% | 6.41% | 7.81% | 7.95% | 8.66% | 7.80% | 6.82% | 6.91% | 7.23% | 8.51% | 10.15% | 9.55% | 8.57% | 7.25% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $333,553K ÷ $4,268,876K
= 7.81%
Flowserve Corp.'s operating profit margin has displayed variability over the past eight quarters. In the most recent quarter, Q4 2023, the operating profit margin was 7.31%, demonstrating a slight decrease from the prior quarter's 7.45%. Despite this minor dip, the company has generally shown improvement in profitability compared to the previous year, where the Q4 2022 operating profit margin stood at 4.94%. The trend indicates that Flowserve Corp. has been successful in managing its operating expenses relative to its revenue, resulting in a higher operating profit margin. The Q2 2022 operating profit margin was the highest at 5.48% in the past year, while the lowest margin of 4.50% was recorded in Q3 2022. Overall, the company has seen a positive trajectory in its operating profit margin, albeit with fluctuations from quarter to quarter.
Peer comparison
Dec 31, 2023