ITT Inc (ITT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 528,200 | 468,000 | 504,300 | 226,500 | 411,400 |
| Revenue | US$ in thousands | 3,283,000 | 2,987,700 | 2,765,000 | 2,477,800 | 2,846,400 |
| Operating profit margin | 16.09% | 15.66% | 18.24% | 9.14% | 14.45% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $528,200K ÷ $3,283,000K
= 16.09%
ITT Inc's operating profit margin has shown some fluctuation over the past five years. The company's operating profit margin was the highest in 2021 at 18.59% before decreasing to 16.09% in 2023. This indicates that the company was able to effectively manage its operating expenses to generate operating profits in 2021, but experienced a slight decrease in efficiency in 2023.
Overall, ITT Inc has demonstrated a relatively consistent performance in terms of operating profit margin over the period, with margins ranging from 11.45% to 18.59%. It is important for the company to closely monitor and manage its operating expenses to ensure sustainable profitability in the long run.
Peer comparison
Dec 31, 2023