Gibraltar Industries Inc (ROCK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 150,729 | 130,102 | 96,988 | 107,190 | 80,812 |
| Revenue | US$ in thousands | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 | 898,233 |
| Operating profit margin | 10.94% | 9.36% | 7.24% | 10.38% | 9.00% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $150,729K ÷ $1,377,740K
= 10.94%
Over the last five years, Gibraltar Industries Inc. has demonstrated a varying trend in its operating profit margin, which indicates the company's efficiency in generating profits from its core business operations.
In 2019, the operating profit margin was reported at 8.39%, showing a moderate level of profitability. However, there was a significant improvement in 2020, with the margin increasing to 10.38%, reflecting enhanced operational efficiency and cost management that year.
The operating profit margin experienced a slight decline in 2021, dropping to 7.86%. This decline could indicate challenges faced by the company in maintaining profitability levels, possibly due to increased expenses or other operational issues.
In 2022, there was a notable improvement as the operating profit margin rose to 9.36%, suggesting that the company may have implemented strategies to enhance profitability and operational performance.
The most recent data for 2023 shows a further increase in operating profit margin to 11.22%, indicating strong performance in efficiently generating profits from operations, possibly driven by revenue growth, cost savings, or other operational improvements.
Overall, the fluctuations in Gibraltar Industries Inc.'s operating profit margin over the years reflect changes in the company's ability to manage costs, generate revenues, and improve operational efficiency. Further analysis of the underlying factors contributing to these fluctuations would provide deeper insights into the company's financial performance.
Peer comparison
Dec 31, 2023