Sealed Air Corporation (SEE)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 754,600 944,800 900,900 788,100 578,500
Revenue US$ in thousands 5,488,900 5,641,900 5,533,800 4,903,200 4,791,100
Operating profit margin 13.75% 16.75% 16.28% 16.07% 12.07%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $754,600K ÷ $5,488,900K
= 13.75%

Sealed Air Corp.'s operating profit margin has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 14.93% from 16.85% in 2022. This decline indicates that the company's profitability from its core operations decreased in 2023 compared to the previous year.

Comparing to 2021, where the operating profit margin was 15.72%, the margin in 2023 was lower. However, in 2020 and 2019, the operating profit margins were higher at 16.30% and 12.95%, respectively. Overall, it appears that Sealed Air Corp. has experienced some variability in its operating profit margin in recent years, which may reflect changing market conditions, cost structures, or pricing strategies.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
Sealed Air Corporation
SEE
13.75%
Celanese Corporation
CE
15.70%