Pursuit Attractions and Hospitality, Inc. (PRSU)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	20,392	34,785	5,943	-58,621	-124,862
Revenue	US$ in thousands	366,488	350,285	299,327	507,340	415,435
Operating profit margin		5.56%	9.93%	1.99%	-11.55%	-30.06%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $20,392K ÷ $366,488K
= 5.56%

The operating profit margin of Pursuit Attractions and Hospitality, Inc. demonstrates a notable upward trajectory over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the operating profit margin was initially reported at -30.06% as of December 31, 2020, indicating that the company was experiencing significant operating losses relative to its revenue during this period. By December 31, 2021, the margin improved to -11.55%, reflecting a reduction in operating losses, which may suggest the commencement of operational improvements or cost management efforts.

The positive trend continued into December 31, 2022, with the margin reaching 1.99%, marking the company's transition into operational profitability. This indicates that the company's core operations became sufficiently profitable to generate income after covering operating expenses. The upward momentum persisted through December 31, 2023, with the operating profit margin rising substantially to 9.93%, further affirming enhanced operational efficiency and cost control measures.

However, in the subsequent year ending December 31, 2024, the operating profit margin decreased to 5.56%. While still positive and indicative of overall profitability, this decline suggests a possible tightening of margins, which could be due to increased operating costs, pricing pressures, or other external and internal factors impacting the company's profitability.

Overall, the progressive improvement from negative to positive margins illustrates a significant turnaround in Pursuit Attractions and Hospitality, Inc.'s operational efficiency over the analyzed period. The company successfully transitioned from substantial operating losses to sustained profitability, though recent margin compression indicates potential areas for further operational optimization or strategic adjustments to maintain and enhance profitability levels.