O-I Glass Inc (OI)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 38,000 | 67,000 | 805,000 | 332,000 | 353,000 |
| Revenue | US$ in thousands | 6,531,000 | 7,105,000 | 6,615,000 | 6,138,000 | 6,097,000 |
| Operating profit margin | 0.58% | 0.94% | 12.17% | 5.41% | 5.79% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $38,000K ÷ $6,531,000K
= 0.58%
The operating profit margin of O-I Glass Inc has displayed fluctuations over the years. In December 2020, the operating profit margin was 5.79%, which decreased slightly to 5.41% by December 2021. However, there was a significant improvement in profitability by December 2022, with the operating profit margin soaring to 12.17%. Subsequently, there was a notable decline in December 2023, as the operating profit margin dropped to 0.94%, followed by a further decrease to 0.58% by December 2024. The fluctuating trend in operating profit margin indicates varying levels of operational efficiency and cost management within the company over the years.