Revvity Inc. (RVTY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 300,562 | 742,699 | 1,258,460 | 867,273 | 361,973 |
| Revenue | US$ in thousands | 2,750,570 | 3,311,820 | 3,827,810 | 3,782,740 | 2,883,670 |
| Operating profit margin | 10.93% | 22.43% | 32.88% | 22.93% | 12.55% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $300,562K ÷ $2,750,570K
= 10.93%
The operating profit margin of Revvity Inc. has fluctuated over the past five years. In 2023, the operating profit margin decreased to 10.93% from 22.43% in 2022, representing a significant decline. This decline may indicate challenges in managing operating expenses or generating sufficient revenue to cover costs. However, it is worth noting that the operating profit margin was higher in 2022 compared to 2021, where it stood at 26.62% and 26.08%, respectively. This suggests that the company's operational efficiency improved during that period. The operating profit margin in 2019 was lower at 13.57%, indicating a potential turnaround in operational performance over the subsequent years. Further analysis of the company's cost structure and revenue generation strategies would be needed to fully understand the factors driving these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023