Republic Services Inc (RSG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,780,200 | 2,391,700 | 2,076,200 | 1,709,100 | 1,787,200 |
| Revenue | US$ in thousands | 17,278,700 | 15,645,200 | 13,321,800 | 12,031,700 | 12,193,000 |
| Operating profit margin | 16.09% | 15.29% | 15.58% | 14.20% | 14.66% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,780,200K ÷ $17,278,700K
= 16.09%
Republic Services, Inc.'s operating profit margin has shown a positive trend over the past five years, with a slight fluctuation. The operating profit margin improved from 16.26% in 2019 to 18.18% in 2023. This indicates that the company has been effective in managing its operating expenses relative to its revenue, resulting in a higher percentage of operating profit generated per dollar of sales. The company's ability to maintain a relatively consistent operating profit margin above 16% over the years reflects a strong operational efficiency and cost management strategy. Overall, Republic Services, Inc. has demonstrated a solid performance in generating operating profits in relation to its revenue.
Peer comparison
Dec 31, 2023