MYR Group Inc (MYRG)

Net 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
Net income (ttm)	US$ in thousands	90,990	91,521	88,445	85,856	83,381	79,500	84,235	85,770	85,010	82,468	76,589	68,755	58,759	53,384	46,447	40,269	37,690	35,566	33,168	32,796
Revenue (ttm)	US$ in thousands	3,643,182	3,503,201	3,363,351	3,182,690	3,007,357	2,790,230	2,601,725	2,543,615	2,499,388	2,461,226	2,457,936	2,320,105	2,245,418	2,208,523	2,183,497	2,119,856	2,069,209	1,944,479	1,761,776	1,652,918
Net profit margin		2.50%	2.61%	2.63%	2.70%	2.77%	2.85%	3.24%	3.37%	3.40%	3.35%	3.12%	2.96%	2.62%	2.42%	2.13%	1.90%	1.82%	1.83%	1.88%	1.98%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $90,990K ÷ $3,643,182K
= 2.50%

The net profit margin of MYR Group Inc has shown a declining trend over the last eight quarters, decreasing from 3.37% in Q1 2022 to 2.50% in Q4 2023. This indicates that the company's ability to generate profit relative to its total revenue has been gradually weakening. The decreasing trend suggests that the company may be facing challenges such as rising costs, declining sales, or inefficiencies in its operations. Further analysis would be necessary to identify the specific reasons for this declining trend and to determine potential strategies for improvement.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

MYR Group Inc

MYRG

2.50%