Cactus Inc (WHD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 264,366 | 174,748 | 75,427 | 70,039 | 183,150 |
| Revenue | US$ in thousands | 1,090,880 | 692,436 | 438,080 | 349,742 | 629,748 |
| Operating profit margin | 24.23% | 25.24% | 17.22% | 20.03% | 29.08% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $264,366K ÷ $1,090,880K
= 24.23%
Operating profit margin measures the company's efficiency in generating profits from its core operations. Cactus Inc's operating profit margin has shown fluctuations over the past five years, ranging from a high of 29.08% in 2019 to a low of 17.22% in 2021. In 2023, the operating profit margin decreased slightly to 24.23% from 25.24% in 2022. This suggests that the company's ability to generate profits from its operations has declined, although it remains relatively strong compared to the lower margin in 2021. Further analysis would be required to understand the specific factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023