Zebra Technologies Corporation (ZBRA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 481,000 | 529,000 | 979,000 | 651,000 | 692,000 |
| Revenue | US$ in thousands | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 | 4,392,000 |
| Operating profit margin | 10.50% | 9.16% | 17.42% | 14.93% | 15.76% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $481,000K ÷ $4,582,000K
= 10.50%
The operating profit margin of Zebra Technologies Corp. has shown some variability over the past five years. In 2023, the operating profit margin was at 12.76%, which represents a decline from the previous year's figure of 16.19%. This suggests a decrease in the company's operating efficiency and profitability during this period.
Comparing the latest operating profit margin to the figures from 2021 and 2020, we observe a downward trend in profitability over the last three years. The operating profit margin in 2023 is notably lower than the levels seen in 2021 and 2020, which were 17.97% and 15.40% respectively.
However, it's worth noting that the operating profit margin in 2023 is slightly higher than the figure from 2019, which was 16.14%. This may indicate some level of stability or improvement in operating efficiency compared to five years ago.
Overall, the downward trend in operating profit margin over the past few years suggests potential challenges in managing operating expenses or generating sufficient revenues to maintain profitability. Monitoring and addressing these factors will be crucial for Zebra Technologies Corp. to enhance its operating performance in the future.
Peer comparison
Dec 31, 2023