Trex Company Inc (TREX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 276,204 | 246,735 | 275,376 | 233,635 | 188,199 |
| Revenue | US$ in thousands | 1,091,690 | 1,090,750 | 1,197,010 | 881,886 | 746,565 |
| Operating profit margin | 25.30% | 22.62% | 23.01% | 26.49% | 25.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $276,204K ÷ $1,091,690K
= 25.30%
The operating profit margin of TREX Co., Inc. has shown some fluctuation over the past five years. In 2023, the operating profit margin reached 25.23%, a slight increase from the previous year's margin of 23.70%. This improvement indicates that the company was able to generate more operating income relative to its revenues in 2023.
Comparing the 2023 operating profit margin to earlier years, we can observe that it is slightly lower than the margin in 2021 (26.81%) and 2020 (26.52%). However, it is higher than the 2019 margin of 25.25%. This indicates that while the company's profitability dipped slightly compared to 2021 and 2020, it still performed better than in 2019.
Overall, the trend in TREX Co., Inc.'s operating profit margin suggests that the company has been able to maintain a relatively consistent level of profitability in recent years, with some variations year over year.
Peer comparison
Dec 31, 2023