Martin Marietta Materials Inc (MLM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,707,000 | 1,596,000 | 1,206,700 | 973,800 | 1,005,400 |
| Revenue | US$ in thousands | 6,536,000 | 6,777,200 | 6,160,700 | 5,414,000 | 4,729,900 |
| Operating profit margin | 41.42% | 23.55% | 19.59% | 17.99% | 21.26% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,707,000K ÷ $6,536,000K
= 41.42%
Between December 31, 2020, and December 31, 2024, Martin Marietta Materials Inc's operating profit margin exhibited fluctuations. The margin decreased from 21.26% in 2020 to 17.99% in 2021, indicating a decline in profitability. However, there was a recovery in 2022, with the margin improving to 19.59%. Subsequently, there was a significant increase in profitability, reaching 23.55% in 2023. Notably, in December 2024, the operating profit margin saw a substantial surge to 41.42%, showcasing a remarkable improvement. Overall, despite some fluctuations, the company demonstrated an increase in operating profit margin over the analyzed period, suggesting improved operational efficiency and potentially effective cost management strategies.
Peer comparison
Dec 31, 2024