InterDigital Inc (IDCC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 221,615 | 150,516 | 71,206 | 55,168 | 37,835 |
| Revenue | US$ in thousands | 516,955 | 406,489 | 407,069 | 329,455 | 280,969 |
| Operating profit margin | 42.87% | 37.03% | 17.49% | 16.75% | 13.47% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $221,615K ÷ $516,955K
= 42.87%
Interdigital Inc's operating profit margin has steadily increased over the past five years, reflecting improving efficiency in generating profits from its operations. The company's operating profit margin was 11.86% in 2019, and it has more than tripled to 40.32% in 2023. This upward trend suggests that Interdigital Inc has been able to effectively control its operating expenses and increase its profitability over time. The significant increase in the operating profit margin from 2022 to 2023 indicates a notable improvement in the company's operational performance. Overall, the trend in Interdigital Inc's operating profit margin demonstrates strong financial management and operational efficiency.
Peer comparison
Dec 31, 2023