Viad Corp (VVI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 108,443 | 68,944 | -47,002 | -116,240 | 79,445 |
| Revenue | US$ in thousands | 1,206,610 | 1,135,550 | 488,274 | 412,106 | 1,358,970 |
| Operating profit margin | 8.99% | 6.07% | -9.63% | -28.21% | 5.85% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $108,443K ÷ $1,206,610K
= 8.99%
The operating profit margin of Viad Corp. has experienced fluctuations over the past five years. In 2023, the operating profit margin improved to 7.63% from 4.93% in 2022, indicating better efficiency in generating profits from operations. However, in 2021 and 2020, the company had negative operating profit margins of -11.55% and -30.06%, respectively, suggesting operational challenges and potential inefficiencies during those years. The significant improvement in 2023 compared to the previous two years is a positive sign for the company's profitability. In 2019, the operating profit margin was 5.78%, indicating a relatively stable performance in that year. Overall, Viad Corp. has shown varying levels of operational profitability in recent years, with improvements in 2023 compared to the challenging periods in 2020 and 2021.
Peer comparison
Dec 31, 2023