Enpro Industries (NPO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 76,800 | 72,200 | 65,400 | 29,100 | 56,600 |
| Revenue | US$ in thousands | 1,013,100 | 1,067,900 | 1,259,100 | 1,052,000 | 1,171,800 |
| Operating profit margin | 7.58% | 6.76% | 5.19% | 2.77% | 4.83% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $76,800K ÷ $1,013,100K
= 7.58%
Operating profit margin for Enpro Inc has shown a consistent improvement over the past five years. From 2019 to 2020, there was a notable increase from 4.69% to 8.26%. This positive trend continued in the following years, with operating profit margin reaching 12.50% in 2022 and further increasing to 12.99% in 2023.
The company's ability to generate profit from its core operations has been steadily strengthening, indicating efficient cost management and/or revenue growth strategies. The sustained improvement in operating profit margin suggests Enpro Inc's operations have become more profitable over time, which could bode well for its overall financial performance and investor confidence. It reflects positively on the company's operational efficiency and potentially its competitive positioning in the market.
Overall, the increasing trend in Enpro Inc's operating profit margin highlights the company's effective management of expenses and revenue generation capabilities, demonstrating a positive trajectory in its profitability over the years.