SPX Corp (SPXC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 221,900 | 51,000 | 73,700 | 96,900 | 114,000 |
| Revenue | US$ in thousands | 1,713,100 | 1,450,500 | 1,205,300 | 1,542,400 | 1,502,300 |
| Operating profit margin | 12.95% | 3.52% | 6.11% | 6.28% | 7.59% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $221,900K ÷ $1,713,100K
= 12.95%
SPX Corp's operating profit margin has varied over the past five years. In 2023, the operating profit margin improved significantly to 12.95%, marking a notable increase from the previous year's 3.52%. This improvement may indicate better operational efficiency and cost management within the company.
Comparing to 2021 where the operating profit margin was 6.11%, the 2023 margin of 12.95% represents a considerable jump in profitability. However, it is important to note that the operating profit margin in 2023 is still lower than the levels seen in 2019 and 2020, which were 7.59% and 6.28%, respectively.
Overall, the upward trend in the operating profit margin from 2022 to 2023 suggests that SPX Corp may have implemented strategies to enhance profitability and streamline operations. Further analysis of the underlying factors driving this improvement would be warranted to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023