Newell Brands Inc (NWL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -85,000 | 312,000 | 1,013,000 | -629,000 | -482,000 |
| Revenue | US$ in thousands | 7,824,000 | 9,305,000 | 10,336,000 | 9,059,000 | 9,688,100 |
| Operating profit margin | -1.09% | 3.35% | 9.80% | -6.94% | -4.98% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-85,000K ÷ $7,824,000K
= -1.09%
The operating profit margin of Newell Brands Inc has exhibited some fluctuation in recent years. It decreased to 4.33% in 2023, down from 8.47% in 2022 and 9.65% in 2021. The decline in the operating profit margin may indicate a decrease in operational efficiency or an increase in operating expenses relative to revenue during the year. Despite the recent decrease, the company's operating profit margin in 2023 remains higher than in 2019 (7.91%) and 2020 (9.48%). Further analysis is needed to understand the specific factors driving the changes in the operating profit margin and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023