NV5 Global Inc (NVEE)
Operating profit margin
| 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 income (ttm) | US$ in thousands | 61,180 | 57,203 | 60,452 | 62,614 | 66,183 | 74,763 | 75,390 | 71,342 | 68,343 | 56,625 | 51,913 | 44,323 | 44,150 | 99,599 | 93,186 | 91,821 | 89,850 | 78,930 | 81,079 | 80,832 |
| Revenue (ttm) | US$ in thousands | 1,259,381 | 1,179,473 | 1,145,347 | 1,121,586 | 1,126,509 | 1,091,459 | 1,072,465 | 1,048,555 | 1,010,092 | 967,430 | 949,570 | 930,193 | 941,447 | 619,405 | 583,798 | 552,757 | 507,709 | 490,455 | 463,578 | 439,429 |
| Operating profit margin | 4.86% | 4.85% | 5.28% | 5.58% | 5.88% | 6.85% | 7.03% | 6.80% | 6.77% | 5.85% | 5.47% | 4.76% | 4.69% | 16.08% | 15.96% | 16.61% | 17.70% | 16.09% | 17.49% | 18.39% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $61,180K ÷ $1,259,381K
= 4.86%
The operating profit margin of NV5 Global Inc has shown fluctuations over the given periods. The margin has ranged from a low of 4.69% in March 2021 to a high of 18.39% in June 2019. It experienced a significant increase from the first quarter of 2020 to the second quarter of 2020, where it spiked to 16.08% and further improved to 17.70% in the first quarter of 2020. However, there has been a downward trend in the operating profit margin since then, with the most recent figure for December 2023 showing a margin of 4.86%.
Overall, the operating profit margin trend for NV5 Global Inc suggests that while the company has recorded periods of high profitability in the past, there has been a recent decline in the margin. This may indicate challenges in controlling operating costs or generating sufficient revenue to cover expenses. It would be important for the company to closely monitor and address the factors impacting its operating profit margin to ensure long-term financial sustainability.
Peer comparison
Dec 31, 2023