Vontier Corp (VNT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 543,400 | 577,900 | 582,200 | 468,200 |
| Revenue | US$ in thousands | 3,081,000 | 3,083,800 | 2,921,100 | 2,671,300 |
| Operating profit margin | 17.64% | 18.74% | 19.93% | 17.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $543,400K ÷ $3,081,000K
= 17.64%
The operating profit margin of Vontier Corporation has experienced a gradual decline over the past five years, decreasing from 20.31% in 2019 to 17.56% in 2023. This trend indicates that the company's ability to generate operating profits relative to its revenue has weakened over time. Factors contributing to this decline could include increasing operating expenses, pricing pressures, or inefficiencies in cost management. It is important for Vontier Corporation to closely monitor and address the factors impacting its operating profit margin to ensure sustainable and profitable operations in the future.
Peer comparison
Dec 31, 2023