NV5 Global Inc (NVEE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 61,180 | 66,182 | 68,344 | 44,149 | 31,207 |
| Revenue | US$ in thousands | 1,276,230 | 1,126,510 | 1,010,090 | 941,231 | 506,663 |
| Operating profit margin | 4.79% | 5.87% | 6.77% | 4.69% | 6.16% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $61,180K ÷ $1,276,230K
= 4.79%
The operating profit margin of NV5 Global Inc has shown fluctuation over the past five years, ranging from a low of 4.69% in 2020 to a high of 6.77% in 2021. The company's operating profit margin for the most recent year, ending December 31, 2023, stands at 4.79%. This indicates that for every dollar of revenue generated, the company retains approximately 4.79 cents as operating profit after accounting for operating expenses. The downward trend in the operating profit margin from 2021 to 2023 may suggest potential challenges in maintaining profitability or controlling operating costs. Further analysis would be necessary to understand the factors contributing to these fluctuations and to assess the overall financial performance and efficiency of NV5 Global Inc.
Peer comparison
Dec 31, 2023