MYR Group Inc (MYRG)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 30,263 | 38,353 | 49,216 | 86,766 | 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 |
| Revenue (ttm) | US$ in thousands | 3,362,290 | 3,536,695 | 3,588,128 | 3,647,854 | 3,643,908 | 3,503,664 | 3,364,036 | 3,183,534 | 3,008,542 | 2,790,634 | 2,600,968 | 2,542,427 | 2,498,289 | 2,460,211 | 2,457,930 | 2,321,408 | 2,247,392 | 2,210,497 | 2,185,810 | 2,121,535 |
| Net profit margin | 0.90% | 1.08% | 1.37% | 2.38% | 2.50% | 2.61% | 2.63% | 2.70% | 2.77% | 2.85% | 3.24% | 3.37% | 3.40% | 3.35% | 3.12% | 2.96% | 2.61% | 2.42% | 2.12% | 1.90% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $30,263K ÷ $3,362,290K
= 0.90%
MYR Group Inc's net profit margin has shown fluctuations over the past several years. Starting from 1.90% in March 31, 2020, the net profit margin increased gradually to reach a peak of 3.40% by December 31, 2021. Subsequently, there was a slight decrease to 3.24% by June 30, 2022. However, the net profit margin declined more significantly in the following periods, reaching 0.90% by December 31, 2024.
Overall, MYR Group Inc's net profit margin displayed a general upward trend initially, followed by a notable downward trend in the later periods. This indicates fluctuations in the company's profitability over the analyzed timeframe, reflecting varying levels of efficiency in managing costs and generating profits in different quarters. It would be prudent for stakeholders to further investigate the factors contributing to these fluctuations to ensure sustainable and improved financial performance in the future.
Peer comparison
Dec 31, 2024