Perrigo Company PLC (PRGO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 151,900 | 172,800 | 573,700 | 932,400 | 604,500 |
| Revenue | US$ in thousands | 4,655,600 | 4,451,600 | 4,138,700 | 5,063,300 | 4,837,400 |
| Operating profit margin | 3.26% | 3.88% | 13.86% | 18.41% | 12.50% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $151,900K ÷ $4,655,600K
= 3.26%
Perrigo Company plc's operating profit margin has displayed some fluctuations over the past five years. In 2023, the operating profit margin stood at 6.09%, showing an improvement from the previous year's 2.75%. However, this figure is lower than the margins achieved in 2020 and 2019, which were 9.20% and 8.59%, respectively. The margin in 2021 was 4.42%, indicating a recovery from the prior year but still below the levels seen in 2020 and 2019. Overall, the trend in operating profit margin for Perrigo Company plc suggests some variability, with the company experiencing both peaks and troughs in this financial metric.
Peer comparison
Dec 31, 2023