MDU Resources Group Inc (MDU)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 425,978 | 369,999 | 534,219 | 544,925 | 481,220 |
| Revenue | US$ in thousands | 4,657,340 | 4,441,780 | 5,680,730 | 5,532,750 | 5,336,780 |
| Operating profit margin | 9.15% | 8.33% | 9.40% | 9.85% | 9.02% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $425,978K ÷ $4,657,340K
= 9.15%
The operating profit margin of MDU Resources Group Inc has exhibited some fluctuations over the past five years. In 2023, the operating profit margin increased to 9.15% from 8.23% in 2022, indicating a positive trend in the company's operational efficiency. Compared to 2021 and 2019, where the operating profit margin was 9.40% and 9.02% respectively, the margin in 2023 remains relatively consistent. However, it is slightly lower than the margin in 2020, which was 9.85%. Overall, the company has maintained a relatively stable operating profit margin over the period, reflecting its ability to generate profits from its core operations despite some variability in performance.
Peer comparison
Dec 31, 2023