MGP Ingredients Inc (MGPI)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 74,426 | 148,613 | 148,965 | 93,713 | 54,241 |
| Revenue | US$ in thousands | 703,625 | 836,523 | 782,358 | 626,720 | 395,521 |
| Operating profit margin | 10.58% | 17.77% | 19.04% | 14.95% | 13.71% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $74,426K ÷ $703,625K
= 10.58%
The operating profit margin of MGP Ingredients Inc has shown a mixed trend over the past five years. Starting at 13.71% in December 2020, it increased to 14.95% by December 2021, indicating improved operational efficiency. This positive momentum continued into December 2022 with a significant rise to 19.04%, reflecting strong profitability. However, there was a slight dip in December 2023 to 17.77%, although the margin remained relatively healthy. The most recent data point for December 2024 shows a decrease to 10.58%, signaling a decline in operating profit margin potentially due to various operational and economic factors. Overall, the trend suggests fluctuation in the company's ability to generate profits from its core operations over the years. It would be essential for stakeholders to monitor future developments closely to assess the company's financial performance effectively.