Hayward Holdings Inc (HAYW)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	175,222	285,573	317,974
Revenue	US$ in thousands	917,868	1,256,620	1,337,320
Operating profit margin		19.09%	22.73%	23.78%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $175,222K ÷ $917,868K
= 19.09%

Hayward Holdings Inc's operating profit margin has shown a decreasing trend over the past three years. The operating profit margin stood at 23.76% in 2021, which decreased to 22.35% in 2022 and further declined to 18.99% in 2023. This decline indicates that the company's ability to generate profits from its core operations has weakened over time. It is essential for the company to closely monitor and evaluate its cost structure, pricing strategies, and operational efficiency to improve its operating profit margin and overall financial performance in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Hayward Holdings Inc

HAYW

19.09%

Middleby Corp

MIDD

15.69%

Standex International Corporation