Hub Group Inc (HUBG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 212,231 | 474,721 | 238,457 | 105,826 | 152,420 |
| Revenue | US$ in thousands | 4,197,040 | 5,358,280 | 4,244,580 | 3,485,460 | 3,658,380 |
| Operating profit margin | 5.06% | 8.86% | 5.62% | 3.04% | 4.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $212,231K ÷ $4,197,040K
= 5.06%
The operating profit margin of Hub Group, Inc. has fluctuated over the past five years. In 2023, the operating profit margin decreased to 4.89% from 8.89% in 2022, which indicates a decline in the company's ability to generate profits from its core operations relative to its revenues. This decline may raise concerns about the company's operational efficiency and cost management in the most recent period. However, when compared to 2021 and 2020, the 2023 operating profit margin is higher, suggesting some improvement from those years. Overall, further analysis is needed to understand the factors contributing to the fluctuations in Hub Group, Inc.'s operating profit margin over the years.
Peer comparison
Dec 31, 2023