NV5 Global Inc (NVEE)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 43,434 | 61,180 | 66,182 | 68,344 | 44,149 |
| Revenue | US$ in thousands | 483,233 | 861,739 | 786,778 | 706,706 | 659,296 |
| Operating profit margin | 8.99% | 7.10% | 8.41% | 9.67% | 6.70% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $43,434K ÷ $483,233K
= 8.99%
Based on the data provided, NV5 Global Inc's operating profit margin has shown fluctuations over the past five years. The margin was 6.70% as of December 31, 2020, and increased to 9.67% by December 31, 2021. However, in the following years, the margin experienced some variability, declining to 8.41% by December 31, 2022, and further dropping to 7.10% by December 31, 2023. It then rebounded to 8.99% as of December 31, 2024.
The general trend indicates that NV5 Global Inc has managed to improve its operating profit margin over the years, albeit with some fluctuations. This suggests that the company may have implemented strategies to enhance operational efficiency and profitability. Nonetheless, the variability in the margin over the years may also indicate potential challenges or changes in the business environment that have impacted NV5 Global Inc's financial performance.
Peer comparison
Dec 31, 2024