MYR Group Inc (MYRG)
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 | 129,093 | 128,676 | 123,624 | 117,431 | 114,907 | 108,654 | 112,631 | 116,051 | 118,560 | 113,894 | 107,871 | 97,548 | 86,545 | 81,559 | 73,892 | 63,960 | 57,178 | 53,709 | 50,584 | 51,531 |
| 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 |
| Operating profit margin | 3.54% | 3.67% | 3.68% | 3.69% | 3.82% | 3.89% | 4.33% | 4.56% | 4.74% | 4.63% | 4.39% | 4.20% | 3.85% | 3.69% | 3.38% | 3.02% | 2.76% | 2.76% | 2.87% | 3.12% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $129,093K ÷ $3,643,182K
= 3.54%
Based on the data provided, MYR Group Inc's operating profit margin has shown a slight decline in recent quarters. The operating profit margin decreased from 4.44% in Q1 2022 to 3.43% in Q4 2023. This downward trend indicates that the company's ability to generate profits from its core operations has weakened over time. Although the operating profit margin fluctuated between 3.43% and 4.44% over the past eight quarters, it is important for the company to closely monitor this metric and identify factors influencing the profitability of its operations. Further analysis of cost management, pricing strategies, and revenue streams may be necessary to address the declining trend in the operating profit margin.
Peer comparison
Dec 31, 2023