Wabash National Corporation (WNC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 311,949 | 166,642 | 33,542 | -85,608 | 142,786 |
| Revenue | US$ in thousands | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 | 2,319,140 |
| Operating profit margin | 12.30% | 6.66% | 1.86% | -5.78% | 6.16% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $311,949K ÷ $2,536,500K
= 12.30%
Wabash National Corp.'s operating profit margin has exhibited fluctuating trends over the past five years. The company's operating profit margin increased steadily from 2019 to 2020, more than quadrupling from 6.16% to 1.35%. However, there was a significant jump in operating profit margin in 2021, nearly tripling to 3.39%. The trend continued positively in 2022, with the operating profit margin further increasing to 6.69%. The most recent data from 2023 shows a continued upward trajectory, with an operating profit margin of 12.28%. This suggests an improvement in the company's operational efficiency and profitability over the years, indicating effective cost management and potentially stronger revenue generation. The recent significant increase in operating profit margin in 2023 indicates a positive outlook for Wabash National Corp.'s financial performance.