Timken Company (TKR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 611,100 | 657,100 | 606,900 | 513,100 | 454,900 |
| Revenue | US$ in thousands | 4,573,000 | 4,769,000 | 4,496,700 | 4,132,900 | 3,513,200 |
| Operating profit margin | 13.36% | 13.78% | 13.50% | 12.42% | 12.95% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $611,100K ÷ $4,573,000K
= 13.36%
Based on the data provided, Timken Company's operating profit margin has shown some fluctuations over the years. The operating profit margin was 12.95% as of December 31, 2020, slightly decreasing to 12.42% by December 31, 2021. However, there was a notable improvement in the operating profit margin as it increased to 13.50% by December 31, 2022, and further improved to 13.78% by December 31, 2023.
In the most recent year, as of December 31, 2024, the operating profit margin decreased slightly to 13.36%. Overall, Timken Company has maintained a relatively healthy operating profit margin, showcasing its ability to effectively manage costs and generate profits from its core operations over the years. Continued monitoring of trends in operating profit margin will be important to assess the company's operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024