Medpace Holdings Inc (MEDP)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 446,870 | 336,825 | 278,697 | 198,615 | 167,042 |
| Revenue | US$ in thousands | 2,108,550 | 1,883,940 | 1,519,300 | 1,145,160 | 926,439 |
| Operating profit margin | 21.19% | 17.88% | 18.34% | 17.34% | 18.03% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $446,870K ÷ $2,108,550K
= 21.19%
The operating profit margin of Medpace Holdings Inc has shown a varying trend over the past five years. At the end of December 2020, the operating profit margin stood at 18.03%, indicating that the company retained this percentage of revenue after covering operating expenses. The margin dipped slightly to 17.34% by December 2021 but recovered to 18.34% by the end of 2022.
However, the operating profit margin decreased again to 17.88% by December 2023 before experiencing a significant improvement to 21.19% by December 2024. This latter increase suggests that Medpace Holdings Inc became more efficient in managing its operating expenses relative to its revenue generation.
Overall, the fluctuating nature of the operating profit margin in recent years indicates that the company may be experiencing varying levels of operational efficiency and cost management. Further analysis of the factors influencing these fluctuations would be necessary to make informed assessments about the company's financial performance and prospects.
Peer comparison
Dec 31, 2024