MYR Group Inc (MYRG)

Operating 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
Operating income (ttm)	US$ in thousands	51,087	57,211	68,877	123,528	128,172	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
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
Operating profit margin		1.52%	1.62%	1.92%	3.39%	3.52%	3.67%	3.67%	3.69%	3.82%	3.89%	4.33%	4.56%	4.75%	4.63%	4.39%	4.20%	3.85%	3.69%	3.38%	3.01%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $51,087K ÷ $3,362,290K
= 1.52%

The operating profit margin of MYR Group Inc has displayed fluctuations over the period under review. Starting at 3.01% in March 2020, the margin showed a consistent upward trend, reaching a peak of 4.75% in December 2021. However, in the subsequent quarters, the operating profit margin experienced a decline, dropping to 1.52% by December 2024. The general trend indicates variability in operational efficiency and cost management during the period analyzed, with a noticeable decrease towards the end of the period.

Peer comparison

Dec 31, 2024

Company name

Symbol

Operating profit margin

MYR Group Inc

MYRG

1.52%