IDEX Corporation (IEX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 732,500 | 751,400 | 637,000 | 520,700 | 579,000 |
| Revenue | US$ in thousands | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,600 | 2,494,600 |
| Operating profit margin | 22.37% | 23.61% | 23.04% | 22.14% | 23.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $732,500K ÷ $3,273,900K
= 22.37%
The operating profit margin of Idex Corporation has shown some fluctuations over the past five years. The margin was at its highest in 2022 at 24.33% and experienced a slight decline in 2023 to 22.71%. Despite these fluctuations, Idex Corporation has maintained relatively strong operating profit margins above 22% over the period, indicating efficient management of operating expenses relative to revenue. This suggests that the company has been effective in controlling costs and generating profits from its core business operations. Overall, the company's operating profit margin performance demonstrates a consistent focus on operational efficiency and profitability.
Peer comparison
Dec 31, 2023