Kirby Corporation (KEX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 335,092 | 192,886 | -258,133 | -420,759 | 242,027 |
| Revenue | US$ in thousands | 3,047,860 | 2,748,750 | 2,210,980 | 2,171,410 | 2,838,400 |
| Operating profit margin | 10.99% | 7.02% | -11.68% | -19.38% | 8.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $335,092K ÷ $3,047,860K
= 10.99%
The operating profit margin of Kirby Corp. has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 10.68%, indicating that the company was able to generate more profit per dollar of revenue compared to the previous year. This represents a significant increase from 2022 when the margin was 6.63%.
In 2021, the operating profit margin was 3.42%, reflecting a lower profitability level compared to the surrounding years. The margin then rebounded in 2022 and continued to improve in 2023.
Overall, the trend in Kirby Corp.'s operating profit margin shows variability, with periods of both improvement and decline. It is important for the company to continue monitoring and managing its costs and revenue streams to sustain and enhance its profitability going forward.
Peer comparison
Dec 31, 2023