Vector Group Ltd (VGR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 328,035 | 339,010 | 320,439 | 294,428 | 234,615 |
| Revenue | US$ in thousands | 1,424,270 | 1,441,010 | 1,220,700 | 1,228,680 | 1,119,600 |
| Operating profit margin | 23.03% | 23.53% | 26.25% | 23.96% | 20.96% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $328,035K ÷ $1,424,270K
= 23.03%
Vector Group Ltd's operating profit margin has shown a generally positive trend over the past five years, indicating the company's ability to efficiently manage its operating expenses relative to its revenue. The margin has steadily increased from 12.19% in 2019 to 24.35% in 2023.
This upward trajectory suggests improvements in cost optimization, pricing strategies, and operational efficiency. The consistent growth in operating profit margin signifies the company's effective control over costs and ability to generate higher profits from its core business activities.
The company's ability to maintain and enhance its operating profit margin over the years demonstrates a strong financial management stance and sustainable business operations. Overall, Vector Group Ltd's operating profit margin trend reflects a positive financial performance and operational efficiency within the analyzed period.
Peer comparison
Dec 31, 2023