Middleby Corp (MIDD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 634,868 | 639,604 | 629,992 | 324,431 | 514,043 |
| Revenue | US$ in thousands | 4,045,300 | 4,060,950 | 3,250,490 | 2,510,360 | 2,958,550 |
| Operating profit margin | 15.69% | 15.75% | 19.38% | 12.92% | 17.37% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $634,868K ÷ $4,045,300K
= 15.69%
Middleby Corp has shown fluctuations in its operating profit margin over the past five years. In 2023, the operating profit margin stood at 15.69%, a slight decrease from the previous year but relatively consistent with the performance in 2020. The margin was notably higher in 2021 at 19.38%, indicating strong profitability that year. However, in 2019, the operating profit margin was higher at 17.37% compared to the most recent year. This demonstrates some variability in the company's ability to generate profits from its operations. Further analysis of the factors impacting the operating profit margin in each year would provide a deeper understanding of Middleby Corp's financial performance.
Peer comparison
Dec 31, 2023