Mueller Industries Inc (MLI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 756,053 | 877,149 | 655,845 | 245,838 | 191,403 |
| Revenue | US$ in thousands | 3,426,400 | 3,989,020 | 3,813,890 | 2,366,520 | 2,406,100 |
| Operating profit margin | 22.07% | 21.99% | 17.20% | 10.39% | 7.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $756,053K ÷ $3,426,400K
= 22.07%
Mueller Industries Inc's operating profit margin has shown a consistent upward trend over the past five years, reflecting the company's improved operational efficiency. The operating profit margin increased from 7.95% in 2019 to 22.07% in 2023. This signifies that the company has been able to generate more operating profit for each dollar of sales over the years.
The significant improvement in operating profit margin from 2019 to 2023 indicates that Mueller Industries has been successful in controlling its operating costs and increasing its profitability. This trend suggests that the company's management is effectively managing its operations and may have implemented cost-saving measures or improved productivity. Overall, the increasing trend in operating profit margin reflects positively on Mueller Industries Inc's financial performance and indicates the company's ability to generate higher profits from its core business operations.
Peer comparison
Dec 31, 2023