MSA Safety (MSA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 231,320 | 239,137 | 22,780 | 171,895 | 188,247 |
| Revenue | US$ in thousands | 1,787,650 | 1,527,950 | 1,400,180 | 1,348,220 | 1,401,980 |
| Operating profit margin | 12.94% | 15.65% | 1.63% | 12.75% | 13.43% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $231,320K ÷ $1,787,650K
= 12.94%
The operating profit margin of MSA Safety Inc has shown variation over the past five years. In 2023, the operating profit margin improved significantly to 21.68% from 18.19% in 2022. This indicates that the company was able to generate more operating profit for each dollar of sales in 2023 compared to the previous year. The operating profit margin was substantially lower in 2021 at 2.82%, possibly due to challenges faced by the company during that period. Prior to 2021, the operating profit margin was relatively stable, hovering around the mid to high teens. Overall, the upward trend in the operating profit margin in 2023 suggests a positive performance in terms of profitability for MSA Safety Inc compared to the preceding years.
Peer comparison
Dec 31, 2023