Minerals Technologies Inc (MTX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 171,800 | 214,800 | 235,700 | 187,900 | 208,700 |
| Revenue | US$ in thousands | 2,108,700 | 2,074,800 | 1,820,700 | 1,556,400 | 1,745,900 |
| Operating profit margin | 8.15% | 10.35% | 12.95% | 12.07% | 11.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $171,800K ÷ $2,108,700K
= 8.15%
Minerals Technologies, Inc.'s operating profit margin has exhibited some fluctuations over the past five years. The margin was relatively stable around the range of 13% in 2019 and 2020, indicating consistent operational efficiency during that period. However, there was a slight dip in 2021 to 12.96%, followed by a further decrease in 2022 to 11.88%.
In 2023, there was a notable improvement in the operating profit margin to 12.90%, suggesting that the company's profitability from core operations strengthened during the year. Despite the fluctuations, Minerals Technologies, Inc. has generally maintained a healthy level of operating profit margin above 10%, which indicates effective cost management and revenue generation relative to its operating expenses. It would be important for stakeholders to monitor whether the company can sustain or improve its operating profit margin in the future to ensure long-term financial health and competitiveness.
Peer comparison
Dec 31, 2023