Jacobs Solutions Inc. (J)
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 | 1,041,496 | 1,075,238 | 1,105,949 | 1,101,970 | 978,322 | 917,850 | 860,827 | 858,811 | 651,484 | 688,091 | 459,048 | 389,678 | 598,568 | 535,973 | 612,585 | 508,163 | 443,066 | 404,851 | 466,611 | 539,169 |
| Revenue (ttm) | US$ in thousands | 16,644,190 | 16,285,330 | 15,919,820 | 15,590,950 | 15,364,810 | 14,986,580 | 14,842,990 | 14,583,300 | 14,303,250 | 14,240,870 | 13,942,640 | 13,751,990 | 13,290,930 | 13,331,740 | 13,244,740 | 13,027,110 | 13,014,400 | 12,664,130 | 13,413,910 | 14,419,930 |
| Operating profit margin | 6.26% | 6.60% | 6.95% | 7.07% | 6.37% | 6.12% | 5.80% | 5.89% | 4.55% | 4.83% | 3.29% | 2.83% | 4.50% | 4.02% | 4.63% | 3.90% | 3.40% | 3.20% | 3.48% | 3.74% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,041,496K ÷ $16,644,190K
= 6.26%
Jacobs Solutions Inc.'s operating profit margin has shown variability over the past five years, with fluctuations observed on a quarterly basis. The company's operating profit margin has generally been on an upward trend since 2019, indicating improvements in operational efficiency and cost management.
The average operating profit margin for the most recent four quarters ending December 31, 2023, is 6.72%. This suggests that, on average, the company retains $0.0672 of each dollar in sales as operating profit after covering its operating expenses.
The increasing trend in the operating profit margin over the past few years is a positive sign, demonstrating the company's ability to generate more profit from its core operations. Management should continue monitoring expenses closely to sustain and potentially improve this trend further in the future.
Peer comparison
Dec 31, 2023