Light & Wonder Inc (LNW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 518,000 | 273,000 | 110,000 | -245,000 | 290,000 |
| Revenue | US$ in thousands | 2,549,000 | 2,038,000 | 2,049,000 | 2,286,000 | 3,579,000 |
| Operating profit margin | 20.32% | 13.40% | 5.37% | -10.72% | 8.10% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $518,000K ÷ $2,549,000K
= 20.32%
The operating profit margin of Light & Wonder Inc has fluctuated over the past five years. In 2023, the operating profit margin increased to 21.02%, representing a significant improvement from the previous year's margin of 16.68%. This suggests that the company generated a higher proportion of operating profit relative to its revenue in 2023.
Comparing to earlier years, the company's operating profit margin in 2023 was notably higher than in 2021 (12.87%) and 2020 (5.25%), indicating a more efficient operation and better cost control. However, it was slightly lower than the operating profit margin in 2019 (16.88%).
Overall, the upward trend in the operating profit margin from 2022 to 2023 reflects potential improvements in Light & Wonder Inc's operational efficiency and profitability. Further analysis of the company's financial performance and operational strategies would provide a deeper understanding of the factors driving these changes in the operating profit margin.
Peer comparison
Dec 31, 2023