Weatherford International PLC (WFRD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 820,000 | 412,000 | 116,000 | -1,486,000 | 900,000 |
| Revenue | US$ in thousands | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 | 4,954,000 |
| Operating profit margin | 16.32% | 9.51% | 3.18% | -40.33% | 18.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $820,000K ÷ $5,023,000K
= 16.32%
The operating profit margin of Weatherford International plc has shown a positive trend over the past three years. The margin increased from 3.18% in 2021 to 10.02% in 2022, and further improved to 15.97% in 2023. This indicates that the company has been able to effectively control its operating expenses relative to its revenue generation, resulting in a higher proportion of revenue translating into operating profit. The significant improvement in the operating profit margin from 2021 to 2023 suggests that Weatherford International plc has been successful in enhancing operational efficiency and profitability during this period.
Peer comparison
Dec 31, 2023