Martin Marietta Materials Inc (MLM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,596,000 | 1,206,700 | 973,800 | 1,005,400 | 884,900 |
| Revenue | US$ in thousands | 6,611,900 | 5,991,700 | 5,293,000 | 4,684,800 | 4,612,900 |
| Operating profit margin | 24.14% | 20.14% | 18.40% | 21.46% | 19.18% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,596,000K ÷ $6,611,900K
= 24.14%
The operating profit margin of Martin Marietta Materials, Inc. has shown a generally positive trend over the past five years. In 2023, the operating profit margin reached 23.73%, representing an increase compared to the previous year's margin of 19.73% in 2022. This improvement suggests that the company has become more efficient in managing its operational expenses relative to its revenue.
Although the operating profit margin dipped slightly in 2022 compared to 2021, the overall trend has been upward since 2019, when the margin was 18.68%. The 2023 margin of 23.73% indicates that Martin Marietta Materials, Inc. has been able to generate a higher percentage of operating profit from its revenue, showcasing effective cost control and operational management strategies.
Overall, the increasing trend in the operating profit margin reflects positively on the company's operational performance and financial health, indicating improved efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2023