Otter Tail Corporation (OTTR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 377,919 | 390,439 | 249,708 | 147,886 | 134,880 |
| Revenue | US$ in thousands | 1,353,480 | 1,469,480 | 1,197,640 | 883,171 | 919,503 |
| Operating profit margin | 27.92% | 26.57% | 20.85% | 16.74% | 14.67% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $377,919K ÷ $1,353,480K
= 27.92%
The operating profit margin of Otter Tail Corporation has shown a positive trend over the five-year period from 2019 to 2023. The margin has steadily improved from 14.67% in 2019 to 28.01% in 2023, indicating that the company has been able to effectively control its operating expenses and generate higher profits from its core business operations. This improvement suggests that Otter Tail Corporation has been successful in optimizing its operational efficiency and increasing its profitability over the years. Overall, the increasing trend in the operating profit margin reflects positively on the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023