Westinghouse Air Brake Technologies Corp (WAB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,266,000 | 1,011,000 | 876,000 | 745,000 | 663,000 |
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Operating profit margin | 13.42% | 12.36% | 11.44% | 10.15% | 8.34% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,266,000K ÷ $9,432,000K
= 13.42%
Westinghouse Air Brake Technologies Corp has demonstrated a consistent improvement in its operating profit margin over the past five years. The company's operating profit margin has steadily increased from 8.09% in 2019 to 13.08% in 2023. This upward trend indicates that the company has been effectively managing its operating expenses and generating stronger operating profits in relation to its revenue.
The growth in operating profit margin reflects the company's ability to control costs and improve operational efficiency, leading to a healthier bottom line. This positive trend suggests that Westinghouse Air Brake Technologies Corp is becoming more profitable over time, which could be an indication of effective strategic decision-making and financial management within the organization.
Overall, the consistent improvement in operating profit margin is a positive indicator of the company's financial health and operational performance, highlighting its ability to generate higher profits from its core business activities.
Peer comparison
Dec 31, 2023