PPG Industries Inc (PPG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,675,000 | 2,042,000 | 2,171,000 | 2,109,000 | 2,271,000 |
| Revenue | US$ in thousands | 18,119,000 | 17,539,000 | 16,913,000 | 13,780,000 | 15,135,000 |
| Operating profit margin | 14.76% | 11.64% | 12.84% | 15.30% | 15.00% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,675,000K ÷ $18,119,000K
= 14.76%
PPG Industries, Inc.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin increased to 12.54% compared to 9.70% in 2022, indicating an improvement in the company's profitability. However, this margin is still lower than the levels seen in 2020 and 2019, which were 12.87% and 12.85%, respectively. The operating profit margin in 2021 was 10.33%, showing a slight decrease compared to the previous year. Overall, the trend in PPG Industries, Inc.'s operating profit margin suggests some variability in the company's ability to generate profits from its core operations. Further analysis of the company's cost structure and revenue generation may provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023