MYR Group Inc (MYRG)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 54,082 | 129,093 | 114,907 | 118,560 | 86,545 |
| Revenue | US$ in thousands | 3,362,290 | 3,643,900 | 3,008,540 | 2,498,290 | 2,247,390 |
| Operating profit margin | 1.61% | 3.54% | 3.82% | 4.75% | 3.85% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $54,082K ÷ $3,362,290K
= 1.61%
The operating profit margin of MYR Group Inc has exhibited fluctuations over the past five years. Starting at 3.85% on December 31, 2020, it increased in the following year to 4.75% on December 31, 2021. However, the margin then decreased to 3.82% on December 31, 2022, and further to 3.54% on December 31, 2023. The most recent data point shows a significant decline to 1.61% on December 31, 2024. This downward trend in operating profit margin signifies challenges in controlling operating expenses relative to revenue generation, which may impact the company's overall profitability and operational efficiency. Further analysis of cost management strategies and revenue streams may be warranted to address these declining margins and enhance business performance.
Peer comparison
Dec 31, 2024