Huntington Ingalls Industries Inc (HII)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 781,000 | 565,000 | 513,000 | 799,000 | 736,000 |
| Revenue | US$ in thousands | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 | 8,899,000 |
| Operating profit margin | 6.82% | 5.29% | 5.39% | 8.54% | 8.27% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $781,000K ÷ $11,454,000K
= 6.82%
Huntington Ingalls Industries Inc's operating profit margin has shown some fluctuation in recent years. The operating profit margin was 5.45% in 2023, which is an improvement compared to 4.83% in 2022 but slightly lower than the 4.93% reported in 2021. The company experienced a significant decrease in operating profit margin from 8.18% in 2020 to 8.35% in 2019.
Overall, the operating profit margin trend indicates some variability in the company's ability to generate profits from its core operations over the past five years. It is essential to further analyze the factors behind these fluctuations to understand the company's operational efficiency and profitability performance.
Peer comparison
Dec 31, 2023