Exponent Inc (EXPO)
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 | 111,322 | 114,963 | 117,843 | 133,245 | 140,842 | 142,185 | 137,491 | 121,586 | 108,927 | 103,283 | 91,571 | 71,319 | 83,249 | 86,865 | 89,642 | 105,345 | 85,111 | 90,547 | 87,957 | 85,612 |
| Revenue (ttm) | US$ in thousands | 536,766 | 541,221 | 535,064 | 525,124 | 513,293 | 499,444 | 488,670 | 478,266 | 466,269 | 456,002 | 438,260 | 410,428 | 399,900 | 406,775 | 409,660 | 424,121 | 417,199 | 399,228 | 392,982 | 382,097 |
| Operating profit margin | 20.74% | 21.24% | 22.02% | 25.37% | 27.44% | 28.47% | 28.14% | 25.42% | 23.36% | 22.65% | 20.89% | 17.38% | 20.82% | 21.35% | 21.88% | 24.84% | 20.40% | 22.68% | 22.38% | 22.41% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $111,322K ÷ $536,766K
= 20.74%
Exponent Inc has shown fluctuations in its operating profit margin over the past few quarters. The company's operating profit margin has ranged from 17.38% to 28.47% over the last five quarters.
In recent quarters, the operating profit margin has been trending downwards, with figures of 20.74% in Dec 31, 2023, and 21.24% in Sep 30, 2023. This decrease may indicate that the company's operating expenses have been rising at a faster rate than its revenues during this period.
However, looking at a longer trend, there has been some volatility but overall a relatively stable performance. The operating profit margins were relatively higher in 2020 and early 2021, peaking at 28.47% in Sep 30, 2022, and gradually declining since then.
It is essential for Exponent Inc to closely monitor its operating costs and revenue generation to maintain a healthy operating profit margin. Further analysis of the company's cost structure and revenue streams may provide insights into improving this key performance metric.
Peer comparison
Dec 31, 2023