GATX Corporation (GATX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -205,400 | -262,800 | -269,900 | -532,700 | -551,700 |
| Revenue | US$ in thousands | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 | 1,202,100 |
| Operating profit margin | -14.56% | -20.64% | -21.46% | -44.05% | -45.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-205,400K ÷ $1,410,900K
= -14.56%
The operating profit margin of GATX Corp. has shown a generally increasing trend over the past five years. In 2019, the operating profit margin stood at 22.64%, which then increased to 23.73% in 2020, demonstrating a positive growth trajectory.
However, the operating profit margin experienced a more significant improvement in 2021, rising to 23.61%, demonstrating a consistent improvement in the company's operational efficiency and profitability. This positive trend continued into 2022 and 2023, with operating profit margins reaching 26.72% and 27.50%, respectively.
The consistent growth in operating profit margin reflects the company's ability to effectively control its operating expenses relative to its revenue, resulting in improved profitability over the years. This indicates that GATX Corp. has been successful in managing its operating costs and enhancing operational effectiveness, which has translated into higher operating profit margins.
Overall, the increasing trend in GATX Corp.'s operating profit margin signifies a positive financial performance and efficiency in generating profits from its core business operations.
Peer comparison
Dec 31, 2023