Molson Coors Brewing Co Class B (TAP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,438,200 | 157,500 | 1,454,400 | -408,900 | 764,400 |
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Operating profit margin | 5.67% | 0.68% | 6.47% | -3.49% | 5.88% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,438,200K ÷ $25,352,700K
= 5.67%
The operating profit margin for Molson Coors Beverage Company has exhibited some variability over the past five years. In 2023, the operating profit margin improved to 12.29% from 9.73% in 2022, indicating an enhancement in the company's ability to generate profits from its core operations. This performance in 2023 was below the margin reported in 2021 (14.58%) but higher than that of 2020 (13.79%) and 2019 (13.93%).
Overall, the operating profit margin for Molson Coors Beverage Company has shown fluctuations over the five-year period, with a general trend of staying above 10%. This suggests that the company has been moderately effective in controlling its operating costs and expenses relative to its revenue generation, though there may be room for further improvement to consistently enhance profitability from operations.
Peer comparison
Dec 31, 2023