General Dynamics Corporation (GD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,245,000 | 4,211,000 | 4,163,000 | 4,133,000 | 4,570,000 |
| Revenue | US$ in thousands | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 | 39,350,000 |
| Operating profit margin | 10.04% | 10.69% | 10.82% | 10.90% | 11.61% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,245,000K ÷ $42,272,000K
= 10.04%
General Dynamics Corp.'s operating profit margin has shown a declining trend over the past five years. The margin decreased from 11.81% in 2019 to 10.04% in 2023. This decline indicates that the company's ability to control operating costs relative to its revenue generated has weakened over the period in focus. While the margins have remained relatively stable around the range of 10-11%, the downward trajectory suggests that there may be challenges in efficiently managing expenses and maintaining profitability. Further investigation into the underlying factors driving this trend is warranted to assess the company's operational efficiency and competitiveness within its industry.
Peer comparison
Dec 31, 2023