JB Hunt Transport Services Inc (JBHT)

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	992,999	1,072,312	1,192,824	1,275,195	1,332,006	1,372,611	1,284,183	1,172,600	1,046,000	930,691	832,394	766,077	713,077	710,460	702,819	720,729	733,824	651,490	658,316	680,035
Revenue (ttm)	US$ in thousands	12,747,130	13,119,770	13,793,300	14,499,970	14,784,890	14,626,330	13,934,470	13,006,090	12,117,390	11,371,780	10,700,040	9,936,910	9,599,420	9,312,090	9,202,630	9,316,330	9,123,180	8,990,700	8,838,860	8,721,150
Operating profit margin		7.79%	8.17%	8.65%	8.79%	9.01%	9.38%	9.22%	9.02%	8.63%	8.18%	7.78%	7.71%	7.43%	7.63%	7.64%	7.74%	8.04%	7.25%	7.45%	7.80%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $992,999K ÷ $12,747,130K
= 7.79%

The operating profit margin of J.B. Hunt Transport Services, Inc. has shown a declining trend over the recent quarters. In Q4 2023, the operating profit margin was 7.74%, down from 8.14% in the previous quarter and significantly lower than the 8.99% recorded in Q4 2022. This suggests that the company's profitability from its core operations has weakened in the most recent period.

While the operating profit margin fluctuated slightly throughout 2023, it has generally been on a downward trajectory since Q2 2022 when it reached a peak of 9.36%. This trend indicates potential challenges in maintaining efficiency and controlling costs within the business operations.

Overall, the decreasing trend in operating profit margin for J.B. Hunt Transport Services, Inc. signals a need for the company to closely monitor and possibly enhance its operational performance to improve profitability in the future.