Alliant Energy Corp (LNT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 943,000 | 928,000 | 795,000 | 740,000 | 778,000 |
| Revenue | US$ in thousands | 4,027,000 | 4,205,000 | 3,669,000 | 3,416,000 | 3,648,000 |
| Operating profit margin | 23.42% | 22.07% | 21.67% | 21.66% | 21.33% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $943,000K ÷ $4,027,000K
= 23.42%
Based on the data provided, Alliant Energy Corp.'s operating profit margin has shown a consistent upward trend over the past five years. The company's operating profit margin was 23.42% in 2023, demonstrating an improvement from 22.07% in 2022, 21.67% in 2021, 21.66% in 2020, and 21.32% in 2019.
This indicates that Alliant Energy Corp. has been effectively managing its operating expenses relative to its revenue, resulting in a higher percentage of each dollar of revenue being converted into operating profit over the years. The consistent increase in operating profit margin suggests the company's operational efficiency and profitability have been on an upward trajectory, which may be attributed to cost control measures, revenue growth, or a combination of both.
Overall, the steady improvement in Alliant Energy Corp.'s operating profit margin is a positive indicator of the company's financial performance and operational effectiveness in generating profits from its core business activities.
Peer comparison
Dec 31, 2023