US Foods Holding Corp (USFD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,017,000 | 594,000 | 424,000 | -77,000 | 699,000 |
| Revenue | US$ in thousands | 35,258,000 | 33,807,000 | 29,252,000 | 22,664,000 | 25,756,000 |
| Operating profit margin | 2.88% | 1.76% | 1.45% | -0.34% | 2.71% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,017,000K ÷ $35,258,000K
= 2.88%
The operating profit margin of US Foods Holding Corp has exhibited fluctuating trends over the past five years. In 2023, the operating profit margin stood at 2.88%, indicating an improvement from the previous year's figure of 1.76%. This increase suggests that the company was able to generate a higher percentage of operating profit relative to its net sales in 2023.
Comparing the operating profit margin to 2021 and 2020, where the margins were 1.45% and -0.34% respectively, the company has shown progress in enhancing its operational efficiency and cost management.
However, it is important to note that the operating profit margin in 2019 was substantially higher at 2.71% compared to the most recent year. This suggests that there may have been challenges or changes in the business environment that impacted the company's profitability in 2020, which have since been addressed.
Overall, the upward trend in the operating profit margin demonstrates an improvement in the company's ability to control costs and generate profit from its core operations.
Peer comparison
Dec 31, 2023