Viatris Inc (VTRS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 766,200 | 1,614,900 | -34,000 | -210,800 | 715,500 |
| Revenue | US$ in thousands | 15,426,900 | 16,262,700 | 17,886,300 | 11,946,000 | 11,500,500 |
| Operating profit margin | 4.97% | 9.93% | -0.19% | -1.76% | 6.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $766,200K ÷ $15,426,900K
= 4.97%
The operating profit margin of Viatris Inc has experienced fluctuations over the past five years. In 2023, the operating profit margin stood at 6.37%, showing a decrease from the previous year's margin of 10.18%. The margin in 2021 was notably low at 1.30%, before turning negative in 2020 at -0.86%. However, there was a significant improvement in 2019 with a margin of 5.50%.
The declining trend from 2019 to 2020 and the subsequent recovery in 2021 and 2022 indicate possible challenges faced by the company during the intervening period. It is important to further investigate the factors contributing to these fluctuations to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023