PPG Industries Inc (PPG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,287,000 | 2,784,000 | 1,722,000 | 1,822,000 | 1,789,000 |
| Revenue | US$ in thousands | 15,845,000 | 18,246,000 | 17,652,000 | 16,802,000 | 13,834,000 |
| Operating profit margin | 14.43% | 15.26% | 9.76% | 10.84% | 12.93% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,287,000K ÷ $15,845,000K
= 14.43%
Based on the data provided for PPG Industries Inc, the operating profit margin has experienced fluctuations over the years. As of December 31, 2020, the operating profit margin stood at 12.93%, indicating that the company was able to generate profits efficiently relative to its operating costs.
However, by December 31, 2021, the operating profit margin had slightly decreased to 10.84%, suggesting a decline in profitability compared to the previous year. This decrease continued into December 31, 2022, with the operating profit margin dropping to 9.76%.
The trend reversed in December 31, 2023, with a significant increase in the operating profit margin to 15.26%, indicating improved operational efficiency and profitability. This positive momentum was further supported by the operating profit margin reaching 14.43% by December 31, 2024.
Overall, while there have been fluctuations in PPG Industries Inc's operating profit margin over the years, the company demonstrated the ability to adapt and improve profitability, as evidenced by the positive trend observed in the most recent years.
Peer comparison
Dec 31, 2024