Parsons Corp (PSN)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	405,698	374,050	339,072	288,358	264,247	244,920	201,106	185,666	179,201	154,925	142,513	132,446	127,157	153,691	179,737	177,815	160,510	147,688	92,718	92,063
Revenue (ttm)	US$ in thousands	6,264,580	5,873,900	5,562,230	5,420,030	5,029,810	4,747,920	4,402,530	4,178,698	4,025,763	3,849,036	3,719,087	3,642,242	3,654,190	3,700,975	3,802,012	3,900,269	3,976,446	3,996,148	4,003,311	3,932,510
Operating profit margin		6.48%	6.37%	6.10%	5.32%	5.25%	5.16%	4.57%	4.44%	4.45%	4.03%	3.83%	3.64%	3.48%	4.15%	4.73%	4.56%	4.04%	3.70%	2.32%	2.34%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $405,698K ÷ $6,264,580K
= 6.48%

The operating profit margin of Parsons Corp has shown a generally positive trend over the past few quarters. It increased from 2.34% in December 2019 to 6.48% in September 2024. The company has consistently improved its operating efficiency, as reflected in the rising trend of the operating profit margin.

The company's operating profit margin reached its highest point in the most recent quarter at 6.48%, indicating that Parsons Corp has been able to effectively control its operating expenses relative to its revenue. This improvement suggests that the company is managing its costs efficiently and generating stronger operating profits.

Overall, the upward trajectory of Parsons Corp's operating profit margin reflects the company's focus on optimizing its operational performance and profitability over the analyzed periods. The consistent growth in this key financial metric underscores the company's ability to generate higher profits from its core business operations.