Iridium Communications Inc (IRDM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 81,628 | 76,679 | 46,314 | 35,483 | 10,120 |
| Revenue | US$ in thousands | 790,723 | 721,034 | 614,500 | 583,439 | 560,444 |
| Operating profit margin | 10.32% | 10.63% | 7.54% | 6.08% | 1.81% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $81,628K ÷ $790,723K
= 10.32%
Iridium Communications Inc's operating profit margin has displayed varying trends over the past five years. The company's operating profit margin stood at 9.55% as of December 31, 2023, which is a slight decrease from 10.43% in 2022. This decline interrupts a positive trend seen over the previous years, with the margin increasing steadily from 1.81% in 2019 to 7.54% in 2021.
Overall, the company has shown improvement in its ability to convert revenue into operating profit in recent years, although the slight decrease in 2023 warrants further investigation into the factors influencing this change. It is essential to monitor future financial performance to assess the sustainability of this trend and determine any potential operational challenges or opportunities for further enhancement in profitability.
Peer comparison
Dec 31, 2023