Lennox International Inc (LII)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 790,100 | 656,200 | 590,300 | 478,500 | 656,900 |
| Revenue | US$ in thousands | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 | 3,807,200 |
| Operating profit margin | 15.86% | 13.91% | 14.07% | 13.17% | 17.25% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $790,100K ÷ $4,981,900K
= 15.86%
Lennox International Inc's operating profit margin has shown a positive trend over the past five years, indicating an improving profitability in its operations. The operating profit margin increased from 12.97% in 2019 to 16.91% in 2023. This improvement suggests that the company has been able to effectively manage its operating expenses and generate higher profits from its core business activities. The consistent growth in the operating profit margin reflects Lennox International Inc's ability to enhance operational efficiency and increase profitability over the years. This trend is a positive indicator of the company's financial health and management's effectiveness in controlling costs and driving revenue growth.
Peer comparison
Dec 31, 2023