Yelp Inc (YELP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 79,043 | 58,353 | 31,514 | -38,795 | 35,511 |
| Revenue | US$ in thousands | 1,350,660 | 1,205,530 | 1,040,560 | 880,779 | 1,018,980 |
| Operating profit margin | 5.85% | 4.84% | 3.03% | -4.40% | 3.48% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $79,043K ÷ $1,350,660K
= 5.85%
Yelp Inc's operating profit margin has shown fluctuating performance over the past five years. The company achieved an operating profit margin of 5.91% as of December 31, 2023, indicating an improvement compared to the previous year. This upward trend in operating profit margin suggests that Yelp Inc has been effectively managing its operating costs and generating higher profits relative to its revenue.
In the prior year, the operating profit margin stood at 4.89% as of December 31, 2022, showcasing a moderate increase from the year before. The company's ability to enhance its operating profit margin demonstrates a stronger operational efficiency and profitability during this period.
Looking back to December 31, 2021, Yelp Inc reported an operating profit margin of 3.06%, displaying a steady growth trajectory compared to the negative operating profit margin of -4.00% on December 31, 2020. This dramatic shift from a negative value to a positive one signifies a significant improvement in the company's operational performance and financial health.
Furthermore, on December 31, 2019, Yelp Inc achieved an operating profit margin of 3.50%. This positive operating profit margin reflects the company's ability to efficiently manage its expenses and generate profits from its core business operations.
Overall, Yelp Inc's operating profit margin has shown variability in recent years, with notable improvements in profitability and operational efficiency. This trend suggests that the company has implemented effective cost-saving measures and revenue-generating strategies to enhance its overall financial performance.
Peer comparison
Dec 31, 2023