Vestis Corporation (VSTS)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 157,951 | 217,909 | 192,243 | 96,239 | 149,720 |
| Revenue | US$ in thousands | 2,800,900 | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Operating profit margin | 5.64% | 7.71% | 7.15% | 3.92% | 5.84% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $157,951K ÷ $2,800,900K
= 5.64%
Vestis Corporation's operating profit margin has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the company's operating profit margin was 5.64%, representing a decrease from the prior year. This decline indicates that Vestis Corporation's ability to generate profits from its core operations weakened in 2024 compared to 2023.
Looking further back, in the fiscal year ending on September 30, 2023, Vestis Corporation's operating profit margin was relatively higher at 7.71%, suggesting the company was more efficient in managing its operating expenses and generating profits that year. In the preceding year, ending on September 30, 2022, the operating profit margin was 7.15%, showing a slight decrease from 2023 but remaining relatively stable.
Further back in time, the operating profit margin was 3.92% in 2021 and 5.84% in 2020, indicating fluctuations in profitability during those years as well. Vestis Corporation's management should analyze the factors contributing to these fluctuations to identify areas for improvement in operating efficiency and profitability in the upcoming fiscal years.
Peer comparison
Sep 30, 2024