Concentra Group Holdings Parent, Inc. (CON)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 287,382 | 258,217 | 270,265 |
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Operating profit margin | 15.63% | 14.97% | 15.60% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $287,382K ÷ $1,838,080K
= 15.63%
Concentra Group Holdings Parent, Inc.'s operating profit margin has shown stability over the past three years. In 2021, the operating profit margin was 15.60%, which decreased slightly to 14.97% in 2022 before increasing to 15.63% in 2023. This indicates that the company was able to generate more profit from its core operations in 2023 compared to the prior year, showcasing effective cost management or revenue growth strategies. The trend suggests that Concentra Group Holdings Parent, Inc. has been efficiently managing its expenses and improving its operational efficiency, which is a positive sign for the company's profitability.
Peer comparison
Dec 31, 2023