Graco Inc (GGG)
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 | 646,843 | 629,417 | 609,377 | 601,005 | 572,700 | 564,787 | 546,237 | 531,400 | 531,323 | 518,856 | 519,262 | 430,192 | 391,718 | 363,759 | 342,153 | 409,741 | 424,456 | 416,861 | 428,241 | 429,258 |
| Revenue (ttm) | US$ in thousands | 2,195,606 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 | 1,646,045 | 1,640,191 | 1,655,572 | 1,651,814 |
| Operating profit margin | 29.46% | 28.82% | 27.83% | 27.58% | 26.72% | 26.54% | 26.40% | 26.21% | 26.73% | 27.05% | 27.75% | 24.86% | 23.74% | 22.85% | 22.03% | 25.38% | 25.79% | 25.42% | 25.87% | 25.99% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $646,843K ÷ $2,195,606K
= 29.46%
Graco Inc's operating profit margin has shown a generally positive trend over the past five quarters, with a slight fluctuation between 22% to 29%. The operating profit margin measures the efficiency of the company in generating profits from its core operations, indicating that Graco Inc has been effectively controlling its operating expenses and driving profitability. The upward trajectory in the operating profit margin since the beginning of 2021 suggests that the company has been successful in managing its costs and improving operational performance. However, it is important for Graco Inc to sustain or further improve its operating profit margin to ensure long-term profitability and financial health. Overall, the trend in the operating profit margin reflects positively on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023