Landstar System Inc (LSTR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 344,149 | 571,083 | 505,668 | 252,950 | 298,904 |
| Revenue | US$ in thousands | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 | 4,084,580 |
| Operating profit margin | 6.49% | 7.68% | 7.73% | 6.12% | 7.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $344,149K ÷ $5,303,320K
= 6.49%
Landstar System Inc's operating profit margin has varied over the past five years. In 2023, the operating profit margin was 6.49%, a decrease from 7.68% in 2022 and 7.73% in 2021. This decline indicates that the company's ability to generate profits from its core operations weakened in 2023 compared to the previous two years. However, the operating profit margin in 2023 was still higher than in 2020, when it was 6.12%. Moreover, compared to 2019, when the operating profit margin was 7.32%, the margin has decreased, suggesting a potential trend of declining profitability over the past five years. Further analysis, including identifying factors influencing this trend and comparing the company's performance with industry benchmarks, would provide more insights into Landstar System Inc's operating profit margin.
Peer comparison
Dec 31, 2023