Calculation
Operating profit margin | = | 100 | × | Income from operations1 | ÷ | Net revenues1 | |
---|---|---|---|---|---|---|---|
Dec 31, 2022 | 28.38% | = | 100 | × | 1,524,500) | ÷ | 5,371,800) |
Dec 31, 2021 | 25.62% | = | 100 | × | 1,480,200) | ÷ | 5,777,800) |
Dec 31, 2020 | 25.89% | = | 100 | × | 1,431,100) | ÷ | 5,527,100) |
Dec 31, 2019 | 27.92% | = | 100 | × | 1,498,400) | ÷ | 5,366,800) |
Dec 31, 2018 | 26.90% | = | 100 | × | 1,396,400) | ÷ | 5,191,200) |
Dec 31, 2017 | 26.27% | = | 100 | × | 1,210,244) | ÷ | 4,607,471) |
Dec 31, 2016 | 27.83% | = | 100 | × | 1,054,563) | ÷ | 3,789,925) |
Dec 31, 2015 | 28.69% | = | 100 | × | 1,027,918) | ÷ | 3,582,395) |
Dec 31, 2014 | 28.16% | = | 100 | × | 999,473) | ÷ | 3,549,494) |
Dec 31, 2013 | 26.01% | = | 100 | × | 842,361) | ÷ | 3,238,128) |
Dec 31, 2012 | 25.31% | = | 100 | × | 757,587) | ÷ | 2,993,489) |
Dec 31, 2011 | 23.62% | = | 100 | × | 660,539) | ÷ | 2,797,089) |
Dec 31, 2010 | 21.55% | = | 100 | × | 514,294) | ÷ | 2,386,112) |
Dec 31, 2009 | 19.29% | = | 100 | × | 395,396) | ÷ | 2,049,668) |
Dec 31, 2008 | 21.08% | = | 100 | × | 486,161) | ÷ | 2,306,371) |
Dec 31, 2007 | 20.85% | = | 100 | × | 438,354) | ÷ | 2,102,049) |
Dec 31, 2006 | 19.85% | = | 100 | × | 337,653) | ÷ | 1,700,734) |
Dec 31, 2005 | 18.22% | = | 100 | × | 264,899) | ÷ | 1,453,731) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The analysis of the financial data over the period from 2005 to 2022 reveals several key trends in operational performance and revenue generation.
- Income from Operations
- Income from operations has shown a general upward trajectory throughout the period examined. Starting at approximately $265 million in 2005, the figure increased steadily, reaching over $1.5 billion by 2022. Despite some fluctuations, such as a slight dip in 2009 and 2020, the overall trend indicates sustained growth in operational income. The most notable acceleration in income occurs from 2010 onwards, suggesting improved business efficiency or scale.
- Net Revenues
- Net revenues also depict substantial growth over the analyzed years. Beginning at around $1.45 billion in 2005, revenues increased consistently to peak at approximately $5.78 billion in 2021 before experiencing a slight decline to about $5.37 billion in 2022. The growth is mostly steady, with slight deceleration or plateau phases in certain years, notably around 2009 and a reduction observed in the final year reported. The upward trend over the majority of the period highlights expansion in sales or service delivery.
- Operating Profit Margin
- The operating profit margin exhibits an overall improvement with some volatility. Starting at 18.22% in 2005, the margin rose steadily, surpassing 28% in 2014 and maintaining levels close to or above 25% subsequently. There are periods of slight contraction, such as around 2017 and 2020, but the general pattern suggests enhanced operational efficiency or effective cost management. The margin increase aligns with growth in income from operations outpacing revenue growth in various years, indicative of strong profitability control.
In summary, the data reflects a company experiencing consistent revenue growth complemented by increasing operational income and improved profitability margins over the examined timeframe. Occasional fluctuations correspond likely to external market conditions or internal adjustments, yet the overall financial health appears robust and on an upward trend through 2022.
Comparison to Competitors
Roper Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
---|---|---|---|---|---|---|
Dec 31, 2022 | 28.38% | 30.29% | 34.86% | 27.09% | 4.60% | 6.45% |
Dec 31, 2021 | 25.62% | 29.78% | 31.37% | 25.76% | 5.46% | 3.48% |
Dec 31, 2020 | 25.89% | 24.15% | 30.19% | 27.63% | 2.85% | 2.57% |
Dec 31, 2019 | 27.92% | 24.57% | 33.42% | 27.39% | -0.21% | 2.78% |
Dec 31, 2018 | 26.90% | 26.69% | 12.71% | 24.95% | — | 2.82% |
Dec 31, 2017 | 26.27% | 26.76% | 28.57% | 24.94% | — | 3.82% |
Dec 31, 2016 | 27.83% | 27.84% | 21.56% | 25.71% | — | 4.82% |
Dec 31, 2015 | 28.69% | 30.48% | 17.83% | 21.91% | — | 7.37% |
Dec 31, 2014 | 28.16% | 28.72% | 21.49% | 19.82% | — | 5.47% |
Dec 31, 2013 | 26.01% | 28.67% | — | 23.03% | — | 2.34% |
Dec 31, 2012 | 25.31% | 35.30% | — | 21.85% | — | 4.54% |
Dec 31, 2011 | 23.62% | 31.22% | — | 17.76% | — | 6.23% |
Dec 31, 2010 | 21.55% | 28.19% | — | 22.89% | — | 5.65% |
Dec 31, 2009 | 19.29% | 20.96% | — | 20.27% | — | 4.60% |
Dec 31, 2008 | 21.08% | 19.32% | — | 23.88% | — | 7.45% |
Dec 31, 2007 | 20.85% | 18.37% | — | 24.69% | — | 7.11% |
Dec 31, 2006 | 19.85% | 12.70% | — | 24.56% | — | — |
Dec 31, 2005 | 18.22% | 11.84% | — | 29.90% | — | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).