Graham Holdings Co (GHC)

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	69,393	-26,334	90,310	71,583	83,898	161,378	85,239	83,502	77,375	101,029	157,880	126,166	100,407	84,518	60,542	112,628	144,546	189,816	234,287	241,950
Revenue (ttm)	US$ in thousands	4,403,440	4,303,530	4,201,410	3,997,102	3,881,548	3,696,730	3,495,222	3,386,894	3,193,798	3,082,719	2,998,779	2,846,516	2,873,113	2,865,588	2,887,426	2,972,157	2,932,099	2,857,708	2,793,654	2,728,729
Operating profit margin		1.58%	-0.61%	2.15%	1.79%	2.16%	4.37%	2.44%	2.47%	2.42%	3.28%	5.26%	4.43%	3.49%	2.95%	2.10%	3.79%	4.93%	6.64%	8.39%	8.87%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $69,393K ÷ $4,403,440K
= 1.58%

Graham Holdings Co.'s operating profit margin has been relatively stable over the past eight quarters, ranging from a low of 3.22% in Q2 2022 to a high of 5.42% in Q4 2022. The company's operating profit margin indicates the efficiency of its operations in generating profits from its core business activities.

The downward trend seen in the most recent quarters may raise some concerns, with a decrease from 4.68% in Q3 2023 to 3.82% in Q4 2023. This could suggest potential challenges in managing costs or optimizing revenue streams.

Overall, the operating profit margin of Graham Holdings Co. hovers around an average level of 4-5%, indicating a decent level of profitability. However, consistent monitoring and analysis of the factors affecting the margin are crucial to ensure sustained financial health and performance of the company.