Wabash National Corporation (WNC)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -356,104 | 311,949 | 166,642 | 51,987 | 20,541 |
| Revenue | US$ in thousands | 1,946,740 | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 |
| Operating profit margin | -18.29% | 12.30% | 6.66% | 2.88% | 1.39% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-356,104K ÷ $1,946,740K
= -18.29%
Based on the data provided, Wabash National Corporation's operating profit margin has shown significant fluctuations over the years.
In December 2020, the operating profit margin was 1.39%, indicating a relatively low level of profitability. By December 2021, the margin improved to 2.88%, suggesting a slight increase in operational efficiency.
The following year, in December 2022, there was a notable improvement as the operating profit margin surged to 6.66%, reflecting a substantial increase in profitability. This positive trend continued in December 2023, with the operating profit margin reaching 12.30%, indicating a significant enhancement in the company's operational performance.
However, the situation seemed to have deteriorated significantly by December 2024, as the operating profit margin plummeted to -18.29%. A negative profit margin indicates that the company's operating expenses exceeded its gross profit, resulting in a loss from core operations.
It is crucial for Wabash National Corporation to analyze the reasons behind these fluctuations to address any underlying issues impacting its profitability and sustainability in the long run. Further examination of cost structures, revenue streams, and operational efficiency would be essential to ensure a more stable and positive operating profit margin in the future.