Teleflex Incorporated (TFX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	506,313	499,725	628,095	423,068	427,254
Revenue	US$ in thousands	2,908,220	2,757,200	2,758,900	2,489,840	2,525,140
Operating profit margin		17.41%	18.12%	22.77%	16.99%	16.92%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $506,313K ÷ $2,908,220K
= 17.41%

The operating profit margin of Teleflex Incorporated has shown a generally positive trend over the past five years, with fluctuations between 17.08% in 2019 to a peak of 19.88% in 2021. This metric measures the company's efficiency in generating profits from its core operations before interest and taxes are taken into account. The higher the operating profit margin, the more efficient and profitable the company is considered to be. Teleflex's consistent performance above 18% indicates a healthy and stable operating margin, demonstrating effective cost management and a strong revenue generation capability relative to its operating expenses. Overall, the company has been able to maintain a solid level of profitability in its operations in recent years.