Granite Construction Incorporated (GVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 80,062 | 85,381 | 24,718 | -158,345 | -41,724 |
| Revenue | US$ in thousands | 6,977,110 | 6,602,500 | 6,066,260 | 7,107,650 | 6,891,540 |
| Operating profit margin | 1.15% | 1.29% | 0.41% | -2.23% | -0.61% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $80,062K ÷ $6,977,110K
= 1.15%
Granite Construction Inc.'s operating profit margin has shown fluctuations over the past five years. The operating profit margin was negative in 2019 at -2.50%, indicating a loss from operations. However, there was a significant improvement in 2020, with the operating profit margin increasing to -0.24%, still negative but moving closer to break-even.
The trend continued positively in 2021, as the operating profit margin further improved to 2.08%, indicating that the company generated a profit from its core operations. However, there was a slight decrease in 2022, with the operating profit margin decreasing to 2.93%.
In 2023, the operating profit margin decreased further to 1.47%, signaling a decline in profitability compared to the previous year. Overall, Granite Construction Inc.'s operating profit margin has shown variability, with some years being profitable and others incurring losses. Further analysis of the company's cost structure and revenue generation may provide insights into these fluctuations.
Peer comparison
Dec 31, 2023