FormFactor Inc (FORM)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	82,756	54,912	98,038	83,788	49,662
Revenue	US$ in thousands	733,352	744,811	767,046	693,269	586,655
Operating profit margin		11.28%	7.37%	12.78%	12.09%	8.47%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $82,756K ÷ $733,352K
= 11.28%

FormFactor Inc's operating profit margin has exhibited some fluctuations over the past five years. In 2023, the operating profit margin increased to 11.28% from 7.37% in 2022, indicating an improvement in the company's ability to generate profits from its core operations. This increase suggests that FormFactor Inc may have implemented more efficient cost controls or experienced higher revenues relative to operating expenses in 2023.

Comparing 2023 to 2021, where the operating profit margin was 12.78%, there was a slight decrease in profitability. However, the company's performance in 2023 still appears favorable compared to 2020 and 2019, where the operating profit margins were 12.09% and 8.47% respectively.

Overall, the trend in FormFactor Inc's operating profit margin demonstrates some variability but generally indicates reasonable profitability levels, with the company achieving margins above 10% in recent years. Investors and stakeholders may find this information valuable in assessing the company's operational efficiency and financial performance.