Nordstrom Inc (JWN)
Operating profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,003,000 | 5,278,000 | 4,707,000 | 1,941,000 | 5,872,000 |
| Revenue | US$ in thousands | 14,693,000 | 15,530,000 | 14,789,000 | 10,715,000 | 15,524,000 |
| Operating profit margin | 27.24% | 33.99% | 31.83% | 18.11% | 37.83% |
February 3, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,003,000K ÷ $14,693,000K
= 27.24%
Nordstrom Inc's operating profit margin has displayed fluctuating trends over the past five years. In 2020, the company achieved a robust operating profit margin of 37.83%, reflecting strong operational efficiency and profitability. This was followed by a significant decline in 2021 to 18.11%, possibly indicating challenges or increased costs impacting the company's profitability.
However, Nordstrom Inc managed to improve its operating profit margin in the subsequent years, reaching 31.83% in 2022 and further increasing to 33.99% in 2023. This upward trend suggests that the company has implemented effective cost control measures and operational strategies to enhance its profitability.
In the most recent fiscal year ending February 3, 2024, Nordstrom Inc's operating profit margin stood at 27.24%, showing a slight decrease compared to the previous year. While the margin remains relatively strong, the decrease may warrant further analysis to identify any underlying factors or challenges that could potentially impact the company's profitability in the future.
Peer comparison
Feb 3, 2024