John Bean Technologies Corporation (JBT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 164,700 | 132,600 | 160,100 | 163,100 | 188,200 |
| Revenue | US$ in thousands | 1,704,500 | 2,166,000 | 1,868,300 | 1,727,800 | 1,945,700 |
| Operating profit margin | 9.66% | 6.12% | 8.57% | 9.44% | 9.67% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $164,700K ÷ $1,704,500K
= 9.66%
The operating profit margin of John Bean Technologies Corp has shown some fluctuations over the past five years. In 2023, the operating profit margin increased to 10.58% from 8.10% in 2022, showcasing an improvement in profitability. However, this current margin is lower than the levels seen in 2020 and 2019, which were 10.14% and 10.37%, respectively. Despite these fluctuations, the company has generally maintained a stable operating profit margin above 8% over the analyzed period. This indicates the company's ability to efficiently manage its operating costs and generate profits from its core business activities.
Peer comparison
Dec 31, 2023