Sotera Health Co (SHC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 276,692 | 248,350 | 256,733 |
| Revenue | US$ in thousands | 1,049,290 | 1,003,690 | 931,478 |
| Operating profit margin | 26.37% | 24.74% | 27.56% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $276,692K ÷ $1,049,290K
= 26.37%
The operating profit margin of Sotera Health Co has demonstrated a consistent trend over the past five years, with slight fluctuations each year. The margin was highest in 2021 at 27.56% and lowest in 2019 at 24.33%. In 2023, the operating profit margin increased to 26.37% from 24.74% in the previous year. This indicates that Sotera Health Co has been effectively managing its operating expenses relative to its revenue, resulting in a healthy profit margin. The upward trend in the operating profit margin suggests the company's operational efficiency and profitability have been improving over the years.
Peer comparison
Dec 31, 2023