Mettler-Toledo International Inc (MTD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,046,950 | 1,116,660 | 989,497 | 773,527 | 712,588 |
| Revenue | US$ in thousands | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 | 3,008,650 |
| Operating profit margin | 27.64% | 28.49% | 26.61% | 25.07% | 23.68% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,046,950K ÷ $3,788,310K
= 27.64%
The operating profit margin of Mettler-Toledo International, Inc. has shown a consistent upward trend over the past five years, indicating the company's improving efficiency in generating profits from its core operations. The margin increased from 24.21% in 2019 to 28.50% in 2023. This suggests that the company has been effectively managing its costs and expenses relative to its revenue, resulting in a higher percentage of profit for each dollar of sales. The steady growth in operating profit margin reflects the company's ability to enhance operational performance and maintain a strong competitive position in its industry. Overall, the trend indicates a positive financial trajectory for Mettler-Toledo International, Inc. and highlights its ability to drive profitability through operational excellence.
Peer comparison
Dec 31, 2023