HNI Corp (HNI)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 206,500 | 90,300 | 155,200 | 85,400 | 61,400 |
| Revenue | US$ in thousands | 2,526,400 | 2,434,000 | 2,361,800 | 2,184,400 | 1,948,370 |
| Operating profit margin | 8.17% | 3.71% | 6.57% | 3.91% | 3.15% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $206,500K ÷ $2,526,400K
= 8.17%
The operating profit margin of HNI Corp has shown fluctuations over the period from December 31, 2020, to December 31, 2024. In 2020, the operating profit margin was relatively low at 3.15%, indicating that the company's profitability from its core operations was modest.
By the end of 2021, the operating profit margin increased to 3.91%, suggesting a slight improvement in the company's operational efficiency in generating profits. This upward trend continued into 2022, with the operating profit margin rising significantly to 6.57%. This substantial increase reflects a more efficient management of operating costs and increased revenue generation.
However, in 2023, there was a slight decrease in the operating profit margin to 3.71%, indicating a temporary setback in profitability. Nevertheless, by the end of 2024, HNI Corp rebounded strongly with an operating profit margin of 8.17%, reaching a new high. This surge suggests that the company successfully implemented strategies to enhance profitability and maximize operational efficiency.
Overall, the trend in HNI Corp's operating profit margin shows fluctuations but demonstrates an overall improvement in profitability and operational performance over the analyzed period.