Resideo Technologies Inc (REZI)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 520,000 | 547,000 | 611,000 | 401,000 | 164,000 |
| Revenue | US$ in thousands | 6,761,000 | 6,242,000 | 6,370,000 | 5,846,000 | 5,071,000 |
| Operating profit margin | 7.69% | 8.76% | 9.59% | 6.86% | 3.23% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $520,000K ÷ $6,761,000K
= 7.69%
Resideo Technologies Inc has shown a positive trend in its operating profit margin over the years based on the provided data. The operating profit margin increased from 3.23% in December 2020 to 7.69% in December 2024. Despite some fluctuations in between, the company has managed to consistently improve its operating efficiency and profitability during this period. This signifies that Resideo Technologies Inc has been able to effectively manage its operating expenses relative to its revenue, resulting in a higher percentage of earnings from its core operations. Overall, the rising trend in operating profit margin reflects the company's efforts to enhance operational performance and optimize its cost structure over the years.