Gentherm Inc (THRM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 107,015 | 77,439 | 48,307 | 115,006 | 89,217 |
| Revenue | US$ in thousands | 1,452,030 | 1,447,650 | 1,192,770 | 1,044,070 | 902,575 |
| Operating profit margin | 7.37% | 5.35% | 4.05% | 11.02% | 9.88% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $107,015K ÷ $1,452,030K
= 7.37%
To analyze Gentherm Inc's operating profit margin over the years, we observe the following trend:
- In December 2020, the operating profit margin was 9.88%, indicating that for every dollar of sales, the company generated 9.88 cents in operating profit.
- The margin increased to 11.02% by December 2021, showing improved profitability.
- However, there was a significant decline in the operating profit margin to 4.05% by December 2022, possibly due to increased operating expenses relative to revenue.
- The margin slightly improved to 5.35% by December 2023, indicating a partial recovery.
- By December 2024, the operating profit margin further improved to 7.37%, signaling enhanced operational efficiency and profitability.
Overall, the trend in operating profit margin for Gentherm Inc shows fluctuations, with periods of improvement and decline. It is essential for the company to monitor and manage its expenses effectively to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024