Williams Companies Inc (WMB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,311,000 | 3,018,000 | 2,631,000 | 2,202,000 | 1,921,000 |
| Revenue | US$ in thousands | 10,907,000 | 10,965,000 | 10,627,000 | 7,719,000 | 8,201,000 |
| Operating profit margin | 39.53% | 27.52% | 24.76% | 28.53% | 23.42% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,311,000K ÷ $10,907,000K
= 39.53%
Williams Cos Inc has seen fluctuations in its operating profit margin over the past five years. The operating profit margin increased from 29.20% in 2019 to 33.59% in 2020, indicating improved operational efficiency and profitability. However, there was a slight decline in the operating profit margin to 24.91% in 2021, which suggests a decrease in profitability compared to the previous year.
The company showed a significant improvement in its operating profit margin to 27.78% in 2022, indicating a recovery from the dip in 2021. Furthermore, in 2023, Williams Cos Inc achieved a higher operating profit margin of 38.07%, demonstrating a considerable increase in profitability.
Overall, the trend in the operating profit margin of Williams Cos Inc shows some fluctuations but reveals a general upward trajectory over the past five years. The company's ability to manage its costs and increase operational efficiency has contributed to improved profitability levels in recent years.
Peer comparison
Dec 31, 2023