National Presto Industries Inc (NPK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 35,033 | 22,127 | 30,029 | 56,196 | 46,380 |
| Revenue | US$ in thousands | 340,912 | 321,623 | 355,777 | 352,627 | 308,510 |
| Operating profit margin | 10.28% | 6.88% | 8.44% | 15.94% | 15.03% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $35,033K ÷ $340,912K
= 10.28%
National Presto Industries Inc's operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin improved to 10.28%, up from 6.88% in 2022 but still below the levels seen in 2020 and 2019. The margin in 2021 was 8.44%, which was lower than the two preceding years but higher than 2022. The significant drop in the operating profit margin from 2019 to 2020, where it fell from 15.03% to 15.94%, suggests a potential change in the company's cost structure or sales mix. Overall, the trend indicates some variability in the company's ability to generate profits from its operations in recent years.
Peer comparison
Dec 31, 2023