Xpel Inc (XPEL)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 59,147 | 66,972 | 53,937 | 40,116 | 23,370 |
| Revenue | US$ in thousands | 420,400 | 396,293 | 323,993 | 259,263 | 158,924 |
| Operating profit margin | 14.07% | 16.90% | 16.65% | 15.47% | 14.71% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $59,147K ÷ $420,400K
= 14.07%
The operating profit margin of Xpel Inc has exhibited a generally positive trend over the past five years. Starting at 14.71% on December 31, 2020, the margin increased steadily to 15.47% by December 31, 2021, and continued to improve to 16.65% by December 31, 2022, and further to 16.90% by December 31, 2023. However, there was a slight decrease in the margin to 14.07% by December 31, 2024.
Overall, the company has been able to effectively control its operating expenses and generate a higher percentage of operating profit relative to its revenue in most years, indicating operational efficiency and potentially effective cost management strategies. The variability in the margin over the years may be attributed to changes in the company's cost structure, pricing strategies, or other operational factors. Further analysis of the underlying reasons for the fluctuations in the operating profit margin would be necessary to provide a more detailed insight into Xpel Inc's financial performance.