Materion Corporation (MTRN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 136,444 | 119,755 | 77,111 | 8,215 | 70,546 |
| Revenue | US$ in thousands | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 | 1,182,840 |
| Operating profit margin | 8.35% | 6.90% | 5.13% | 0.70% | 5.96% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $136,444K ÷ $1,633,630K
= 8.35%
The operating profit margin of Materion Corp has fluctuated over the past five years, ranging from 2.33% in 2020 to 8.41% in 2023. The trend shows an increase in operating profit margin from 2020 to 2023, indicating an improvement in the company's ability to generate profits from its core operations. However, the margin did experience some volatility, as evidenced by the decrease in 2022 followed by an increase again in 2023. Overall, the increasing trend in operating profit margin reflects positively on Materion Corp's operational efficiency and profitability over the years.