SPX Corp (SPXC)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 221,900 | 133,900 | 113,500 | 89,400 | 51,000 | 89,800 | 70,200 | 60,100 | 73,700 | 102,700 | 105,400 | 105,800 | 113,100 | 127,300 | 134,500 | 143,300 | 114,000 | 114,000 | 99,800 | 96,200 |
| Revenue (ttm) | US$ in thousands | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Operating profit margin | 12.96% | 7.94% | 7.02% | 5.75% | 3.49% | 6.50% | 5.41% | 4.85% | 6.04% | 8.43% | 8.16% | 7.76% | 7.85% | 8.29% | 8.75% | 9.33% | 7.55% | 7.55% | 6.62% | 5.08% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $221,900K ÷ $1,711,900K
= 12.96%
The operating profit margin of SPX Corp has shown fluctuations over the past several quarters. From December 2019 to December 2023, the operating profit margin has ranged from a low of 3.49% in December 2022 to a high of 12.96% in December 2023. The trend indicates an improvement in operating efficiency and profitability from the end of 2022 to the end of 2023.
In general, a higher operating profit margin reflects better control over operating costs and higher revenue generation relative to expenses. The company has shown variability in its operating profit margin, which may be influenced by factors such as changes in costs, pricing strategies, sales volumes, and overall economic conditions.
Overall, an analysis of SPX Corp's operating profit margin suggests that the company has made efforts to enhance operational efficiency and improve profitability, although fluctuations in the margin indicate potential challenges in maintaining consistent performance over time. Monitoring this metric over subsequent periods will be important to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023