Landstar System Inc (LSTR)

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	344,149	393,916	447,066	509,534	571,083	595,489	593,403	565,233	505,668	441,340	392,280	302,213	252,950	235,057	223,343	272,013	298,904	318,473	334,903	337,478
Revenue (ttm)	US$ in thousands	5,303,320	5,773,650	6,300,440	6,901,640	7,436,560	7,706,810	7,624,980	7,220,640	6,537,570	5,888,910	5,240,160	4,492,954	4,132,990	3,831,509	3,757,619	3,979,145	4,084,579	4,272,050	4,462,470	4,600,220
Operating profit margin		6.49%	6.82%	7.10%	7.38%	7.68%	7.73%	7.78%	7.83%	7.73%	7.49%	7.49%	6.73%	6.12%	6.13%	5.94%	6.84%	7.32%	7.45%	7.50%	7.34%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $344,149K ÷ $5,303,320K
= 6.49%

Landstar System Inc's operating profit margin has shown a consistent trend over the past five quarters, ranging from 6.49% to 7.78%. The company's operating profit margin reached its highest point in the third quarter of 2022 at 7.78% and its lowest point in the first quarter of 2021 at 5.94%. Overall, Landstar System Inc has maintained a healthy operating profit margin, indicating efficient cost management and profitability in its operations. However, there was a slight dip in the margin in the first quarter of 2021, suggesting potential challenges that the company may have faced during that period.