MYR Group Inc (MYRG)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 8.56% | 8.43% | 8.73% | 9.97% | 9.97% | 10.37% | 10.62% | 10.93% | 11.43% | 11.85% | 12.62% | 12.92% | 13.01% | 12.94% | 12.65% | 12.54% | 12.27% | 12.14% | 11.49% | 10.98% |
| 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% |
| Pretax margin | 1.38% | 1.55% | 1.88% | 3.32% | 3.43% | 3.58% | 3.58% | 3.67% | 3.80% | 3.87% | 4.33% | 4.47% | 4.66% | 4.55% | 4.28% | 4.07% | 3.62% | 3.37% | 2.96% | 2.61% |
| 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% |
MYR Group Inc's profitability ratios have shown a declining trend over the past few years. The gross profit margin has decreased from a peak of 13.01% in December 2021 to 8.56% in December 2024. Operating profit margin also experienced a notable decrease, falling from 4.75% in December 2021 to 1.52% in December 2024. Similarly, the pretax margin and net profit margin have both decreased steadily over the period under review.
These declining profitability ratios may indicate challenges in controlling costs, pricing pressure, or inefficiencies in operations. Investors and analysts may want to further investigate the underlying reasons for the decreasing profitability to assess the company's financial health and sustainability.
Return on investment
| 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 return on assets (Operating ROA) | 3.25% | 3.59% | 4.35% | 7.80% | 7.95% | 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% |
| Return on assets (ROA) | 1.92% | 2.41% | 3.11% | 5.48% | 5.64% | 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% |
| Return on total capital | 8.60% | 9.98% | 10.96% | 18.30% | 19.18% | 19.95% | 19.88% | 19.84% | 20.09% | 19.83% | 20.70% | 21.05% | 22.24% | 22.29% | 24.48% | 23.59% | 22.00% | 24.43% | 20.74% | 18.76% |
| Return on equity (ROE) | 5.04% | 6.52% | 7.77% | 13.07% | 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% |
MYR Group Inc's profitability ratios show a trend of fluctuation over the time period analyzed. The Operating Return on Assets (Operating ROA) ranged from 6.44% in March 2020 to 10.71% in September 2021, before decreasing to 7.95% in December 2023. This ratio indicates the company's efficiency in generating operating profits from its assets.
The Return on Assets (ROA) also showed variability, starting at 4.05% in March 2020, peaking at 7.75% in September 2021, and declining to 1.92% by December 2024. ROA measures the company's ability to generate profits from its total assets.
Return on Total Capital, which reflects the return generated from all capital invested in the company, fluctuated between 8.60% in December 2024 and 24.48% in June 2021. This ratio demonstrates the efficiency of MYR Group Inc in generating returns for its capital providers.
Similarly, the Return on Equity (ROE) ranged from 5.04% in December 2024 to 16.62% in September 2021, showing the variability in the company's ability to generate returns for its shareholders.
Overall, MYR Group Inc's profitability ratios demonstrate fluctuations over time, reflecting changes in the company's operating efficiency and profitability. It is essential for investors and stakeholders to closely monitor these ratios to assess the company's financial performance and make informed decisions.