Hub Group Inc (HUBG)

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	212,232	287,117	362,300	437,866	474,721	488,019	430,154	329,466	238,457	152,044	126,088	110,118	105,826	113,518	116,847	136,590	152,420	161,800	159,288	143,973
Revenue (ttm)	US$ in thousands	4,195,418	4,499,370	4,831,330	5,194,040	5,341,940	5,319,660	5,039,710	4,619,111	4,237,513	3,925,073	3,774,338	3,571,114	3,487,825	3,435,776	3,423,820	3,566,056	3,660,550	3,778,159	3,798,353	4,056,790
Operating profit margin		5.06%	6.38%	7.50%	8.43%	8.89%	9.17%	8.54%	7.13%	5.63%	3.87%	3.34%	3.08%	3.03%	3.30%	3.41%	3.83%	4.16%	4.28%	4.19%	3.55%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $212,232K ÷ $4,195,418K
= 5.06%

Hub Group, Inc.'s operating profit margin experienced fluctuations throughout the quarters of the examined periods. The trend shows a gradual decrease from 8.89% in Q4 2022 to 4.89% in Q4 2023. This implies a declining trend in profitability relative to revenue generated from operations. The highest operating profit margin of 9.19% was observed in Q3 2022, which was followed by a general downward trend.

A lower operating profit margin indicates that the company may be facing challenges in controlling operating expenses or maintaining revenue growth compared to its costs. It is essential for Hub Group, Inc. to investigate the factors contributing to the decline in operating profit margins in order to make informed decisions to improve profitability in the future.