IDEX Corporation (IEX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 677,200 | 732,500 | 751,400 | 637,000 | 520,713 |
| Revenue | US$ in thousands | 3,268,800 | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,650 |
| Operating profit margin | 20.72% | 22.37% | 23.61% | 23.04% | 22.14% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $677,200K ÷ $3,268,800K
= 20.72%
The operating profit margin for IDEX Corporation has shown a generally positive trend over the past five years. Starting at 22.14% on December 31, 2020, it increased to 23.04% by the end of 2021 and further improved to 23.61% by December 31, 2022. However, in the subsequent years, the operating profit margin experienced a slight decline, dropping to 22.37% by the end of 2023 and further decreasing to 20.72% by December 31, 2024.
Overall, the operating profit margin indicates the efficiency of the company in generating profit from its core operations. The fluctuations observed in the margin suggest that while the company initially improved its operational profitability, it faced challenges in maintaining this level of efficiency in the latter years. This trend may require further investigation to understand the factors contributing to the fluctuations and assess the long-term sustainability of the company's profitability.
Peer comparison
Dec 31, 2024