Innospec Inc (IOSP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 161,600 | 187,300 | 132,100 | 33,700 | 149,900 |
| Revenue | US$ in thousands | 1,948,800 | 1,963,700 | 1,483,400 | 1,192,300 | 1,512,300 |
| Operating profit margin | 8.29% | 9.54% | 8.91% | 2.83% | 9.91% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $161,600K ÷ $1,948,800K
= 8.29%
Innospec Inc's operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin decreased to 8.29% from 9.54% in 2022, indicating a lower profitability level. However, when compared to 2021 and 2020, the operating profit margin in 2023 was still higher. It is worth noting that the operating profit margin was the lowest in 2020 at 6.27%, reflecting a challenging operating environment. The highest operating profit margin of 9.91% was achieved in 2019, showcasing a peak in profitability for the company. Overall, the trend in operating profit margin suggests varying levels of operational efficiency and performance for Innospec Inc in recent years.
Peer comparison
Dec 31, 2023