Whirlpool Corporation (WHR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,015,000 | -1,056,000 | 2,348,000 | 1,615,000 | 1,549,000 |
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Operating profit margin | 5.34% | -5.96% | 10.71% | 8.38% | 7.49% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,015,000K ÷ $18,998,000K
= 5.34%
The operating profit margin of Whirlpool Corp. has exhibited variability over the past five years. In 2021, the operating profit margin was relatively high at 10.38%, reflecting strong operational efficiency and profitability. However, there was a notable decrease in the operating profit margin to 9.82% in 2020. The company experienced a further decline in 2019 with an operating profit margin of 6.47%.
The most recent data for 2022 and 2023 show a slight decrease in the operating profit margin, standing at 6.18% and 5.84%, respectively. This downward trend suggests potential challenges in maintaining profitability and controlling operating expenses in recent years.
Overall, Whirlpool Corp.'s operating profit margin has fluctuated, indicating the need for continued monitoring and potential strategic adjustments to enhance operational performance and profitability in the future.
Peer comparison
Dec 31, 2023