Privia Health Group Inc (PRVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,649 | 21,478 | 11,368 | -861 | -19,122 | -40,718 | -48,953 | -236,890 | -217,436 |
| Revenue (ttm) | US$ in thousands | 1,666,109 | 1,588,009 | 1,511,017 | 1,431,722 | 1,357,202 | 1,266,774 | 1,174,822 | 1,065,403 | 965,150 |
| Operating profit margin | 1.24% | 1.35% | 0.75% | -0.06% | -1.41% | -3.21% | -4.17% | -22.23% | -22.53% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $20,649K ÷ $1,666,109K
= 1.24%
The operating profit margin of Privia Health Group Inc has shown variability over the past eight quarters. In Q4 2023, the operating profit margin improved to 1.25%, up from 1.36% in Q3 2023. However, this is lower compared to the negative margins recorded in Q1 2023 and Q4 2022. The company faced challenges in Q1 2023 with an operating profit margin of -0.06%, but managed to recover in the subsequent quarters. Overall, the operating profit margin has exhibited fluctuation, indicating a need for the company to focus on cost management and efficiency to enhance profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Privia Health Group Inc
PRVA
1.24%
US Physicalrapy Inc
USPH
8.61%