Medpace Holdings Inc (MEDP)

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	336,825	325,936	318,855	300,698	278,697	257,121	233,007	215,219	198,615	198,748	191,457	179,137	167,042	148,172	131,741	136,872	127,263	121,811	118,738	106,824
Revenue (ttm)	US$ in thousands	1,899,742	1,816,339	1,717,384	1,607,723	1,488,796	1,387,029	1,289,052	1,216,138	1,145,156	1,094,017	1,028,823	955,525	926,439	896,133	881,998	891,107	860,969	823,198	786,213	742,253
Operating profit margin		17.73%	17.94%	18.57%	18.70%	18.72%	18.54%	18.08%	17.70%	17.34%	18.17%	18.61%	18.75%	18.03%	16.53%	14.94%	15.36%	14.78%	14.80%	15.10%	14.39%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $336,825K ÷ $1,899,742K
= 17.73%

The operating profit margin of Medpace Holdings Inc has shown relatively stable performance over the past eight quarters, ranging from 17.74% to 19.24%. The trend indicates that the company has been able to effectively manage its operating expenses in relation to its revenue generation. Although there have been slight fluctuations in the operating profit margin, the overall margins remain within a close range.

The operating profit margin peaked at 19.24% in Q1 2023, reflecting the company's ability to efficiently control costs and maximize profitability during that period. However, there was a slight decrease in the subsequent quarters, with the margin hovering around the mid to high 18% range. This suggests that while the company has been maintaining healthy profitability, there may be some variability in its operating efficiency from quarter to quarter.

Overall, the operating profit margin data indicates that Medpace Holdings Inc has been able to sustain a solid level of operational efficiency and profitability in its business activities. Further analysis of the company's cost structure and revenue streams could provide additional insights into the drivers behind these margin trends.