MYR Group Inc (MYRG)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 10.00% | 10.37% | 10.62% | 10.93% | 11.44% | 11.85% | 12.62% | 12.92% | 13.00% | 12.93% | 12.65% | 12.55% | 12.29% | 12.15% | 11.50% | 10.99% | 10.35% | 9.91% | 10.14% | 10.54% |
| 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% |
| Pretax margin | 3.43% | 3.58% | 3.58% | 3.67% | 3.80% | 3.87% | 4.33% | 4.47% | 4.65% | 4.55% | 4.28% | 4.07% | 3.62% | 3.37% | 2.96% | 2.64% | 2.51% | 2.48% | 2.55% | 2.71% |
| 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% |
MYR Group Inc's profitability ratios have shown a slight downward trend over the past eight quarters. The gross profit margin has decreased from 12.92% in Q1 2022 to 10.00% in Q4 2023, indicating a decline in the company's ability to generate profit from its sales revenue after accounting for the cost of goods sold.
Similarly, the operating profit margin has decreased from 4.44% in Q1 2022 to 3.43% in Q4 2023, reflecting a decrease in the company's ability to generate profit from its core operations.
The pretax margin has also shown a declining trend, dropping from 4.47% in Q1 2022 to 3.43% in Q4 2023. This indicates that MYR Group Inc's profitability before taxes has been decreasing.
The net profit margin, which represents the company's bottom line profitability after all expenses, has also decreased from 3.37% in Q1 2022 to 2.50% in Q4 2023, suggesting a decrease in the company's overall profitability.
Overall, MYR Group Inc's profitability ratios have shown a decreasing trend over the past eight quarters, indicating potential challenges in maintaining and enhancing profitability levels.
Return on investment
| 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 return on assets (Operating ROA) | 8.18% | 8.24% | 8.44% | 8.63% | 8.21% | 8.17% | 8.91% | 9.63% | 10.58% | 10.71% | 10.27% | 9.57% | 8.69% | 8.00% | 7.78% | 6.44% | 5.67% | 5.44% | 6.27% | 6.48% |
| Return on assets (ROA) | 5.76% | 5.86% | 6.04% | 6.31% | 5.96% | 5.98% | 6.66% | 7.11% | 7.58% | 7.75% | 7.29% | 6.75% | 5.90% | 5.24% | 4.89% | 4.05% | 3.74% | 3.60% | 4.11% | 4.12% |
| Return on total capital | 19.10% | 19.00% | 19.36% | 20.15% | 19.77% | 17.92% | 19.52% | 19.75% | 22.60% | 22.81% | 22.55% | 20.68% | 18.92% | 16.88% | 15.38% | 11.84% | 11.15% | 10.30% | 11.27% | 11.21% |
| Return on equity (ROE) | 13.97% | 14.63% | 14.64% | 14.87% | 14.88% | 14.84% | 15.86% | 15.99% | 16.38% | 16.62% | 16.24% | 15.33% | 13.69% | 13.07% | 11.93% | 10.74% | 10.34% | 10.15% | 9.78% | 9.92% |
The profitability ratios of MYR Group Inc show consistent levels of performance over the past eight quarters.
- Operating return on assets (Operating ROA) has remained relatively stable, ranging between 7.91% and 8.42%. This indicates that the company is generating profits from its operating activities efficiently.
- Return on assets (ROA) has also shown a consistent trend, with values ranging from 5.76% to 6.31%. This ratio reveals the company's ability to generate profits relative to its total assets.
- Return on total capital has generally been strong, fluctuating between 18.07% and 19.12%. This ratio illustrates the return generated from all capital invested in the company.
- Return on equity (ROE) has shown a similar pattern, ranging from 13.97% to 15.99%, indicating the return generated for shareholders' equity.
Overall, MYR Group Inc has maintained stable and satisfactory profitability levels across its business operations, demonstrating efficiency in generating returns for both assets and capital invested.