Chesapeake Utilities Corporation (CPK)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 231,975 | 212,390 | 191,700 | 178,093 | 150,804 | 146,441 | 144,861 | 142,984 | 142,934 | 136,806 | 138,271 | 134,380 | 131,112 | 129,494 | 126,787 | 122,186 | 112,702 | 107,138 | 104,090 | 103,549 |
| Revenue (ttm) | US$ in thousands | 787,291 | 757,626 | 729,035 | 698,526 | 670,604 | 672,569 | 672,075 | 675,952 | 680,703 | 653,768 | 630,050 | 601,662 | 569,969 | 546,642 | 540,726 | 526,695 | 488,218 | 483,153 | 474,360 | 508,212 |
| Operating profit margin | 29.46% | 28.03% | 26.30% | 25.50% | 22.49% | 21.77% | 21.55% | 21.15% | 21.00% | 20.93% | 21.95% | 22.33% | 23.00% | 23.69% | 23.45% | 23.20% | 23.08% | 22.17% | 21.94% | 20.38% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $231,975K ÷ $787,291K
= 29.46%
The operating profit margin of Chesapeake Utilities Corporation has shown a generally upward trend over the period from March 31, 2020, to December 31, 2024. The margin increased steadily from 20.38% in March 2020 to reach its peak of 29.46% by December 31, 2024. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue during this period.
There were some fluctuations in the operating profit margin, particularly in the first half of 2022, where it dipped to 20.93% in September 2022 before recovering to 22.49% by December 31, 2023. Notably, there was a significant improvement in the margin in the latter half of 2024, with consecutive increases from 25.50% in March 2024 to 29.46% by December 31, 2024.
Overall, the increasing trend in the operating profit margin is a positive sign of efficiency in the company's operations and management of costs. However, it is important for Chesapeake Utilities Corporation to monitor and sustain this trend to ensure continued profitability and financial health.
Peer comparison
Dec 31, 2024