Medpace Holdings Inc (MEDP)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	336,825	278,697	198,615	167,042	127,263
Revenue	US$ in thousands	1,883,940	1,519,300	1,145,160	926,439	860,388
Operating profit margin		17.88%	18.34%	17.34%	18.03%	14.79%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $336,825K ÷ $1,883,940K
= 17.88%

Over the five-year period from 2019 to 2023, Medpace Holdings Inc's operating profit margin has shown some fluctuations. The company's operating profit margin ranged from a low of 14.78% in 2019 to a high of 19.09% in 2022. In 2023, the operating profit margin decreased slightly to 17.86%.

Overall, Medpace Holdings Inc has generally maintained healthy operating profit margins above 17% throughout the period, indicating efficient cost management and profitability in its operations. It is worth noting that the company was able to improve its operating profit margin significantly from 2019 to 2022, which may suggest effective strategies in controlling costs and improving operational efficiency. However, the slight decline in 2023 could be a point of focus for the company to ensure sustained profitability in the future.