YETI Holdings Inc (YETI)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 245,376 | 225,458 | 126,361 | 274,938 | 214,233 |
| Revenue | US$ in thousands | 1,829,870 | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 |
| Operating profit margin | 13.41% | 13.59% | 7.92% | 19.49% | 19.62% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $245,376K ÷ $1,829,870K
= 13.41%
The operating profit margin of YETI Holdings Inc has shown varying trends over the past five years. In December 2020, the operating profit margin was relatively high at 19.62%, indicating efficient management of operating expenses and strong revenue generation. However, there was a slight decrease in the operating profit margin to 19.49% by December 2021.
Subsequently, there was a significant decline in the operating profit margin to 7.92% by December 2022, suggesting a potential increase in operating expenses relative to revenue. This could be a concerning trend for the company's profitability.
However, there was a noticeable improvement in the operating profit margin to 13.59% by December 2023, indicating a possible recovery in operational efficiency. The margin further improved to 13.41% by December 2024, although it remained below the levels seen in 2020 and 2021.
Overall, YETI Holdings Inc's operating profit margin has demonstrated fluctuations in recent years, with a mix of positive and negative trends. It is essential for the company to consistently monitor and manage its operating expenses to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024