MYR Group Inc (MYRG)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 10.00% | 11.44% | 13.00% | 12.28% | 10.35% |
| Operating profit margin | 3.54% | 3.82% | 4.74% | 3.85% | 2.76% |
| Pretax margin | 3.43% | 3.80% | 4.65% | 3.62% | 2.51% |
| Net profit margin | 2.50% | 2.77% | 3.40% | 2.62% | 1.82% |
MYR Group Inc's profitability ratios have exhibited variations over the past five years. The gross profit margin has shown a general downward trend from 13.01% in 2021 to 10.00% in 2023, indicating a decrease in the company's ability to generate profits after accounting for the cost of goods sold.
Similarly, the operating profit margin has fluctuated, with a peak of 4.62% in 2021 and a low of 3.43% in 2023. This ratio reflects MYR Group Inc's efficiency in managing its operating expenses to generate profits from its core business activities.
The pretax margin, which represents the company's profitability before accounting for taxes, also displayed variability, ranging from 2.44% in 2019 to 4.66% in 2021. This ratio provides insights into MYR Group Inc's ability to generate profits relative to its total revenue.
Lastly, the net profit margin, which assesses the company's bottom-line profitability after all expenses are considered, has shown fluctuations, with a high of 3.40% in 2021 and a low of 2.50% in 2023. This metric indicates MYR Group Inc's ability to convert revenue into net income.
Overall, MYR Group Inc's profitability ratios suggest some inconsistencies in its ability to maintain stable profit margins over the past five years, highlighting the importance of continuous monitoring and analysis to ensure sustained financial performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.18% | 8.21% | 10.58% | 8.69% | 5.67% |
| Return on assets (ROA) | 5.76% | 5.96% | 7.58% | 5.90% | 3.74% |
| Return on total capital | 19.10% | 19.77% | 22.60% | 18.92% | 11.15% |
| Return on equity (ROE) | 13.97% | 14.88% | 16.38% | 13.69% | 10.34% |
MYR Group Inc's profitability ratios demonstrate a relatively stable performance over the past five years. The Operating Return on Assets (Operating ROA) has ranged between 5.32% to 10.30%, with a slight decrease in 2023 compared to the previous year. This indicates that the company is generating operating income efficiently relative to its total assets.
Return on Assets (ROA) has also shown a consistent performance between 3.74% to 7.58% over the same period. This ratio reflects the company's ability to generate profits from its assets.
Return on Total Capital has exhibited an upward trend, from 10.09% in 2019 to 22.05% in 2021, reflecting improved profitability relative to the total capital employed. The ratio stood at 18.10% in 2023, indicating the company's effectiveness in utilizing its total capital to generate returns.
Return on Equity (ROE) has fluctuated between 10.34% to 16.38% over the past five years. ROE measures the returns generated for the shareholders' equity invested in the company. MYR Group Inc's ROE has shown a consistent performance, reflecting the company's ability to generate profit for its shareholders.
Overall, MYR Group Inc's profitability ratios reflect a consistent and efficient performance in generating returns from its assets, capital, and equity over the past five years, with minor fluctuations in certain ratios.