Polaris Industries Inc (PII)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 700,900 | 804,500 | 712,000 | 521,000 | 483,700 |
| Revenue | US$ in thousands | 8,809,400 | 8,517,300 | 8,117,900 | 6,963,800 | 6,704,930 |
| Operating profit margin | 7.96% | 9.45% | 8.77% | 7.48% | 7.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $700,900K ÷ $8,809,400K
= 7.96%
The operating profit margin of Polaris Inc has shown a fluctuating trend over the past five years. In 2019, the operating profit margin was 5.86%, which increased to 7.27% in 2020. There was a further increase to 7.99% in 2021, followed by a peak of 8.80% in 2022. However, in 2023, there was a slight decrease in the operating profit margin to 6.95%.
Overall, the operating profit margin of Polaris Inc has demonstrated some variability, with an upward trajectory from 2019 to 2022, but a slight decline in the most recent year. This indicates that the company's ability to generate profits from its core operations has been relatively strong, although there may have been some challenges or changes impacting profitability in the most recent period.