Consolidated Communications (CNSL)

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	-158,178	-165,745	-113,015	-3,519	-93,162	-38,112	-26,456	-10,890	135,178	121,878	126,722	136,487	135,513	141,203	127,393	101,913	81,281	58,117	35,323	26,450
Revenue (ttm)	US$ in thousands	1,108,273	1,129,071	1,142,036	1,165,264	1,189,461	1,211,965	1,233,930	1,250,822	1,260,849	1,249,993	1,258,475	1,268,369	1,284,566	1,307,977	1,314,817	1,322,890	1,336,839	1,350,554	1,364,712	1,381,684
Operating profit margin		-14.27%	-14.68%	-9.90%	-0.30%	-7.83%	-3.14%	-2.14%	-0.87%	10.72%	9.75%	10.07%	10.76%	10.55%	10.80%	9.69%	7.70%	6.08%	4.30%	2.59%	1.91%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-158,178K ÷ $1,108,273K
= -14.27%

The operating profit margin of Consolidated Communications Holdings Inc has shown a declining trend over the past eight quarters, with negative figures recorded in the most recent quarters. The company experienced a significant drop in operating profit margin from Q1 2023 to Q4 2023, transitioning from a slightly positive figure of 0.79% to a negative margin of -5.15%. This downward trend in operating profit margin suggests that the company's operating expenses may be increasing at a faster rate than its revenues, impacting its profitability. Additionally, the substantial year-over-year decrease in operating profit margin from Q1 2022 (9.64%) to Q1 2023 (0.79%) indicates a significant deterioration in the company's operational efficiency and profitability over the past year. Further analysis of cost management strategies and revenue generation initiatives may be warranted to improve the company's operating profit margin.