Otter Tail Corporation (OTTR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 380,250 | 377,919 | 390,439 | 249,708 | 147,886 |
| Revenue | US$ in thousands | 1,329,970 | 1,353,480 | 1,469,480 | 1,197,640 | 883,171 |
| Operating profit margin | 28.59% | 27.92% | 26.57% | 20.85% | 16.74% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $380,250K ÷ $1,329,970K
= 28.59%
Based on the data provided for Otter Tail Corporation, the operating profit margin has shown a positive trend over the years, increasing from 16.74% in December 2020 to 28.59% by December 2024. This indicates that the company has successfully managed its operating expenses relative to its revenue, resulting in improved profitability over the period. The consistent growth in the operating profit margin reflects enhanced operational efficiency and effectiveness in generating profits from its core business activities. Overall, Otter Tail Corporation's increasing operating profit margin suggests a strong financial performance and effective cost management strategies.
Peer comparison
Dec 31, 2024