Topbuild Corp (BLD)
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 | 878,826 | 877,141 | 862,523 | 832,641 | 797,164 | 712,491 | 623,423 | 544,488 | 476,421 | 461,056 | 428,773 | 380,941 | 355,043 | 328,387 | 307,309 | 302,894 | 289,523 | 278,263 | 264,035 | 231,677 |
| Revenue (ttm) | US$ in thousands | 5,120,910 | 5,099,790 | 5,078,940 | 5,041,270 | 4,951,870 | 4,757,590 | 4,311,639 | 3,878,974 | 3,443,847 | 3,112,824 | 2,961,908 | 2,771,414 | 2,692,863 | 2,633,725 | 2,617,128 | 2,629,892 | 2,595,201 | 2,572,399 | 2,546,712 | 2,502,046 |
| Operating profit margin | 17.16% | 17.20% | 16.98% | 16.52% | 16.10% | 14.98% | 14.46% | 14.04% | 13.83% | 14.81% | 14.48% | 13.75% | 13.18% | 12.47% | 11.74% | 11.52% | 11.16% | 10.82% | 10.37% | 9.26% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $878,826K ÷ $5,120,910K
= 17.16%
TopBuild Corp's operating profit margin has been relatively stable over the past eight quarters, ranging from 13.92% to 16.96%. The company has shown a consistent ability to generate profits from its core operations, with margins consistently above 13%. The gradual increase in operating profit margin from Q1 2022 to Q4 2023 indicates improved efficiency and cost management within the company. This trend suggests that TopBuild Corp has been effectively controlling its operating expenses while still generating healthy profits from its revenue streams. Overall, the company's operating profit margin performance demonstrates financial stability and effective management of operational costs.