MasTec Inc (MTZ)
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 | -1,010,516 | -989,386 | -906,542 | -923,025 | -830,350 | -620,160 | -528,005 | -381,745 | -110,128 | 262,212 | 312,342 | 296,110 | 234,795 | 195,295 | 278,639 | 2,110,125 | 3,562,812 | 5,109,912 | 6,777,770 | 6,461,110 |
| Revenue (ttm) | US$ in thousands | 11,995,910 | 11,724,180 | 10,980,560 | 10,408,250 | 9,777,990 | 8,579,070 | 8,469,890 | 8,130,800 | 7,951,820 | 7,779,220 | 7,073,200 | 6,679,800 | 6,320,980 | 6,393,480 | 6,711,800 | 7,081,500 | 7,183,200 | 7,391,500 | 7,352,100 | 7,030,900 |
| Operating profit margin | -8.42% | -8.44% | -8.26% | -8.87% | -8.49% | -7.23% | -6.23% | -4.70% | -1.38% | 3.37% | 4.42% | 4.43% | 3.71% | 3.05% | 4.15% | 29.80% | 49.60% | 69.13% | 92.19% | 91.90% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-1,010,516K ÷ $11,995,910K
= -8.42%
MasTec Inc's operating profit margin has exhibited fluctuations over the past few quarters. The margin ranged from a low of -8.87% in March 2023 to a high of 92.19% in March 2019. The company experienced a significant decline in operating profit margin in the recent quarters, with negative margins recorded in the last four quarters. This suggests that the company's operating expenses have been relatively high compared to its sales during these periods. It is important for MasTec Inc to closely monitor and manage its operating expenses to improve its profitability and strengthen its financial performance.
Peer comparison
Dec 31, 2023