Chart Industries Inc (GTLS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 390,700 | 151,500 | 88,500 | 92,200 | 52,000 |
| Revenue | US$ in thousands | 3,031,500 | 1,594,000 | 1,300,300 | 1,389,800 | 1,274,000 |
| Operating profit margin | 12.89% | 9.50% | 6.81% | 6.63% | 4.08% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $390,700K ÷ $3,031,500K
= 12.89%
The operating profit margin of Chart Industries Inc has shown a positive trend over the past five years. From 2019 to 2020, there was an increase from 6.23% to 9.19%, indicating an improvement in the company's operational efficiency. Subsequently, the margin continued to rise to 6.72% in 2021, 9.40% in 2022, and further to 11.65% in 2023. This trend suggests that the company has been effectively managing its operating expenses and generating higher profits from its core business activities. The consistent growth in operating profit margin reflects positively on Chart Industries Inc's ability to optimize its operations and enhance profitability over the years.