YETI Holdings Inc (YETI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 225,458 | 126,361 | 274,938 | 214,233 | 89,771 |
| Revenue | US$ in thousands | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 | 913,734 |
| Operating profit margin | 13.59% | 7.92% | 19.49% | 19.62% | 9.82% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $225,458K ÷ $1,658,710K
= 13.59%
The operating profit margin of YETI Holdings Inc has exhibited some fluctuations over the past five years. In 2023, the operating profit margin increased to 13.59% from 7.92% in 2022. This improvement may indicate increased efficiency in managing operating expenses relative to revenues. However, it is worth noting that the 2023 margin is lower than the levels seen in 2021 and 2020, which were 19.49% and 19.62%, respectively. Compared to 2019, when the operating profit margin was 9.82%, the company has shown consistent growth in this metric. Overall, while there are fluctuations, the company has generally been able to maintain healthy operating profit margins, which is a positive indicator of its operational efficiency.
Peer comparison
Dec 31, 2023