FMC Corporation (FMC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 555,600 | 1,144,300 | 1,034,500 | 896,900 | 821,600 |
| Revenue | US$ in thousands | 4,174,400 | 5,573,700 | 5,034,800 | 4,636,800 | 4,609,800 |
| Operating profit margin | 13.31% | 20.53% | 20.55% | 19.34% | 17.82% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $555,600K ÷ $4,174,400K
= 13.31%
The operating profit margin of FMC Corp. has shown a gradual decline over the past five years. In 2023, the operating profit margin decreased to 17.11% from 21.33% in 2022, continuing a downward trend from the peak of 22.85% in 2021. This decline indicates that the company's ability to generate profits from its core operations has weakened compared to previous years.
Several factors could be contributing to this decline, such as increased operating expenses, lower revenue growth, or pricing pressures in the industry. It is important for FMC Corp. to closely monitor and address these issues to improve its operating efficiency and profitability in the future.
Peer comparison
Dec 31, 2023