Stericycle Inc (SRCL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 77,300 | 153,700 | 72,300 | 31,900 | -211,900 |
| Revenue | US$ in thousands | 2,591,300 | 2,718,000 | 2,646,700 | 2,548,200 | 3,176,400 |
| Operating profit margin | 2.98% | 5.65% | 2.73% | 1.25% | -6.67% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $77,300K ÷ $2,591,300K
= 2.98%
The operating profit margin of Stericycle Inc. has exhibited fluctuations over the past five years, ranging from 2.67% in 2021 to 5.81% in 2020. In 2023, the operating profit margin improved to 5.29% compared to 5.11% in 2022. This upward trend suggests an enhancement in the company's ability to generate profits from its core operations. However, despite the variations, the operating profit margin has generally been at a moderate level, indicating that Stericycle Inc. may have experienced challenges in efficiently managing its operating costs relative to its revenues during certain periods. Further analysis of the company's cost structure and revenue sources may provide insights into the drivers behind these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023