Mister Car Wash Inc (MCW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 178,145 | 187,719 | -4,510 |
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Operating profit margin | 20.91% | 22.47% | -0.65% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $178,145K ÷ $851,841K
= 20.91%
The operating profit margin of Mister Car Wash Inc has exhibited variability over the past three years. In 2023, the operating profit margin stood at 19.23%, representing a decrease from the previous year's margin of 21.31%. Despite this decline, the company's operating profit margin remains positive, indicating that Mister Car Wash Inc is generating profits from its core operations. Notably, the significant improvement in the operating profit margin from a negative -3.65% in 2021 to positive figures in subsequent years reflects the company's efforts to enhance operational efficiency and profitability. This trend suggests a favorable trajectory for the company's financial performance, emphasizing its ability to effectively manage costs and generate profits from its operations.
Peer comparison
Dec 31, 2023