Service Corporation International (SCI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 944,255 | 927,316 | 1,190,680 | 842,770 | 666,613 |
| Revenue | US$ in thousands | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 | 3,230,780 |
| Operating profit margin | 23.03% | 22.57% | 28.74% | 24.00% | 20.63% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $944,255K ÷ $4,099,780K
= 23.03%
Service Corp. International's operating profit margin has shown some fluctuations over the past five years. In 2023, the operating profit margin was 22.79%, slightly higher compared to the previous year at 22.33%. However, it is lower than the peak in 2021 when the operating profit margin was at 28.13%. Despite the fluctuations, the company has maintained a relatively healthy operating profit margin above 19% over the period analyzed. This indicates the company's ability to control its operating expenses and generate profits from its core business activities. It is worth monitoring future trends to assess the company's efficiency in managing its costs and maximizing profitability.
Peer comparison
Dec 31, 2023