Upbound Group Inc. (UPBD)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	162,865	148,538	280,539	237,336	253,859
Revenue	US$ in thousands	3,992,410	4,245,390	4,583,450	2,814,190	2,669,850
Operating profit margin		4.08%	3.50%	6.12%	8.43%	9.51%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $162,865K ÷ $3,992,410K
= 4.08%

The operating profit margin of Upbound Group Inc. has been declining over the past five years. In the most recent year, as of December 31, 2023, the operating profit margin stands at 4.08%, compared to 3.50% in 2022 and 6.12% in 2021. This downward trend indicates a decrease in the company's ability to generate operating profit from its revenues. It is essential for the company to closely monitor its operating expenses and revenues to improve efficiency and profitability in the coming periods.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Upbound Group Inc.

UPBD

4.08%

Air Lease Corporation