Alamo Group Inc (ALG)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	197,967	195,886	181,973	168,497	148,592	133,742	127,945	120,619	116,938	106,416	107,296	96,367	94,785	95,942	89,474	96,162	94,912	101,102	104,896	102,333
Revenue (ttm)	US$ in thousands	1,689,163	1,650,337	1,602,481	1,561,649	1,513,482	1,458,602	1,429,194	1,380,865	1,330,676	1,290,046	1,242,693	1,162,691	1,163,174	1,167,345	1,149,039	1,167,596	1,118,586	1,073,880	1,060,061	1,032,438
Operating profit margin		11.72%	11.87%	11.36%	10.79%	9.82%	9.17%	8.95%	8.74%	8.79%	8.25%	8.63%	8.29%	8.15%	8.22%	7.79%	8.24%	8.48%	9.41%	9.90%	9.91%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $197,967K ÷ $1,689,163K
= 11.72%

The operating profit margin of Alamo Group Inc. has shown a consistent improvement over the past 8 quarters, indicating effective cost management and operational efficiency. The margin has steadily increased from 8.71% in Q1 2022 to 11.72% in Q4 2023. This upward trend suggests that the company has been successful in controlling its operating expenses and generating higher operating profits relative to its revenues. Overall, the positive trajectory of the operating profit margin reflects a healthy financial performance and management effectiveness within Alamo Group Inc.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating profit margin

Alamo Group Inc

ALG

11.72%