Patrick Industries Inc (PATK)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 260,200 496,170 351,712 173,373 154,442
Revenue US$ in thousands 3,466,390 4,885,580 4,070,100 2,470,640 2,330,060
Operating profit margin 7.51% 10.16% 8.64% 7.02% 6.63%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $260,200K ÷ $3,466,390K
= 7.51%

Patrick Industries, Inc.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 7.50% from 10.16% in 2022, indicating a decline in profitability. However, compared to 2021 and prior years, the 2023 operating profit margin is still higher, suggesting some level of improvement. Overall, the company's operating profit margin has been relatively stable, with fluctuations occurring within a moderate range. Further analysis of the company's operating expenses and revenue generation may be required to understand the underlying factors influencing these fluctuations.


Peer comparison

Dec 31, 2023