Granite Construction Incorporated (GVA)
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 | 80,062 | 76,072 | 56,953 | 57,841 | 85,381 | 66,855 | 55,888 | 60,928 | -2,876 | 6,984 | -122,549 | -159,486 | -158,345 | -154,090 | -14,798 | -41,131 | -41,724 | -94,582 | -64,497 | -22,090 |
| Revenue (ttm) | US$ in thousands | 6,971,350 | 5,879,173 | 5,667,503 | 5,458,263 | 5,431,183 | 5,325,166 | 5,427,206 | 5,817,366 | 6,062,166 | 6,209,360 | 6,214,250 | 6,116,400 | 6,046,880 | 6,102,077 | 6,156,537 | 5,911,407 | 5,881,417 | 5,888,155 | 5,819,425 | 5,852,105 |
| Operating profit margin | 1.15% | 1.29% | 1.00% | 1.06% | 1.57% | 1.26% | 1.03% | 1.05% | -0.05% | 0.11% | -1.97% | -2.61% | -2.62% | -2.53% | -0.24% | -0.70% | -0.71% | -1.61% | -1.11% | -0.38% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $80,062K ÷ $6,971,350K
= 1.15%
Granite Construction Inc.'s operating profit margin has shown fluctuating trends over the past eight quarters. The operating profit margin is a measure of a company's profitability, showing the percentage of revenue that remains after deducting operating expenses.
In Q4 2023, Granite Construction Inc. reported an operating profit margin of 1.47%, representing a decrease compared to the previous quarter. This decline suggests that the company's operating expenses may have increased relative to its revenue in Q4 2023.
Looking at the trend over the past two years, the company's operating profit margin has ranged from 1.47% to 2.93%. It peaked in Q4 2022 at 2.93% before experiencing fluctuations in subsequent quarters.
In general, a lower operating profit margin indicates that the company is less efficient in controlling its operating expenses relative to its revenue. Investors and stakeholders may want to further analyze the reasons behind these fluctuations to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023