Enpro Industries (NPO)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 76,800 | 18,100 | 31,100 | 94,300 | 72,200 | 110,800 | 89,500 | 77,600 | 83,100 | 97,000 | 65,900 | 35,800 | 29,100 | 5,000 | 31,600 | 60,500 | 56,600 | 53,900 | 79,000 | 70,400 |
| Revenue (ttm) | US$ in thousands | 1,013,100 | 1,047,200 | 1,078,000 | 1,139,100 | 1,189,800 | 1,130,600 | 1,139,000 | 1,108,000 | 1,061,700 | 1,115,600 | 1,100,800 | 1,049,300 | 1,052,000 | 1,071,900 | 1,180,600 | 1,324,500 | 1,406,800 | 1,501,700 | 1,516,900 | 1,523,500 |
| Operating profit margin | 7.58% | 1.73% | 2.88% | 8.28% | 6.07% | 9.80% | 7.86% | 7.00% | 7.83% | 8.69% | 5.99% | 3.41% | 2.77% | 0.47% | 2.68% | 4.57% | 4.02% | 3.59% | 5.21% | 4.62% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $76,800K ÷ $1,013,100K
= 7.58%
Enpro Inc's operating profit margin has shown a trend of improvement over the past quarters, indicating better efficiency in generating profits from its core business operations. In Q4 2023, the operating profit margin was 12.99%, slightly down from the previous quarter but still higher than the levels seen in Q3 and Q2 2022. This suggests that Enpro Inc has been able to maintain relatively strong profitability levels despite some fluctuations.
The operating profit margin peaked at 14.6% in both Q2 and Q1 2023, demonstrating a consistent performance in optimizing operational efficiency and controlling costs. This improvement from the operating profit margins of 2022 reflects Enpro Inc's efforts in enhancing operational effectiveness and profitability.
Comparing to Q4 2022, the operating profit margin has increased by 0.49 percentage points, indicating a positive trend in the company's profitability. Moreover, the year-on-year comparison shows a significant improvement in operating profit margin, with Q4 2023 exceeding Q4 2022 by 0.49 percentage points.
Overall, Enpro Inc's operating profit margin analysis indicates a positive performance and underscores the company's ability to effectively manage its operating expenses and generate profits from its core business activities.