Privia Health Group Inc (PRVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 20,649 | -19,122 | -217,436 |
| Revenue | US$ in thousands | 1,666,110 | 1,357,200 | 965,150 |
| Operating profit margin | 1.24% | -1.41% | -22.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $20,649K ÷ $1,666,110K
= 1.24%
Privia Health Group's operating profit margin has shown improvement over the years based on the data provided. The company recorded an operating profit margin of -22.50% in 2021, which improved to -1.41% in 2022 and further increased to 1.25% in 2023. This trend indicates that the company has been able to enhance its operating efficiency and effectively control its operating expenses relative to its revenue. Although the operating profit margin is still low at 1.25% in 2023, the positive trajectory suggests a move towards profitability. Continued focus on cost management and revenue growth strategies may further boost Privia Health Group's operating profit margin in the future.
Peer comparison
Dec 31, 2023