JB Hunt Transport Services Inc (JBHT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 993,000 | 1,332,000 | 1,046,000 | 713,119 | 734,000 |
| Revenue | US$ in thousands | 12,735,900 | 14,788,200 | 12,116,200 | 9,585,030 | 9,097,520 |
| Operating profit margin | 7.80% | 9.01% | 8.63% | 7.44% | 8.07% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $993,000K ÷ $12,735,900K
= 7.80%
The operating profit margin of J.B. Hunt Transport Services, Inc. has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 7.74% from 8.99% in 2022, which indicates a decline in the company's ability to generate profits from its core business operations. However, it is important to note that the 7.74% operating profit margin in 2023 is still within a reasonable range compared to historical figures, suggesting that the company is still managing its operating expenses effectively.
Overall, the trend in the operating profit margin for J.B. Hunt Transport Services, Inc. has been relatively stable over the past five years, with slight fluctuations up and down. This indicates a consistent performance in terms of profitability from its core operations, but the company may need to focus on optimizing its operational efficiency to improve its profitability in the future.
Peer comparison
Dec 31, 2023