LCI Industries (LCII)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 123,428 | 553,028 | 398,410 | 222,934 | 200,210 |
| Revenue | US$ in thousands | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 | 2,371,480 |
| Operating profit margin | 3.26% | 10.62% | 8.91% | 7.97% | 8.44% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $123,428K ÷ $3,784,810K
= 3.26%
The operating profit margin of LCI Industries has shown some fluctuation over the past five years. In 2023, the operating profit margin decreased to 3.26%, significantly lower than the previous year's margin of 10.62% in 2022. This decline could indicate challenges or inefficiencies in the company's operations during the most recent fiscal year.
Comparing 2023 to the margins in earlier years, LCI Industries had a higher operating profit margin in 2022 (10.62%) compared to 2021 (8.91%), showcasing stronger operational performance at that time. However, the 2023 margin of 3.26% falls below the margins of both 2021 and 2020 (7.97%), highlighting a notable drop in profitability.
While the operating profit margin in 2023 is lower than the levels seen in the past few years, further analysis would be required to identify the specific reasons behind this decline and determine if it is a temporary setback or part of a concerning trend in LCI Industries' financial performance.
Peer comparison
Dec 31, 2023