Service Corporation International (SCI)
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 | 944,255 | 869,090 | 849,526 | 837,243 | 927,316 | 1,058,817 | 1,159,715 | 1,184,334 | 1,190,676 | 1,177,669 | 1,096,536 | 1,033,034 | 842,770 | 798,269 | 703,641 | 671,411 | 666,613 | 598,378 | 602,096 | 613,945 |
| Revenue (ttm) | US$ in thousands | 4,099,780 | 4,071,660 | 4,047,520 | 4,024,965 | 4,108,655 | 4,124,235 | 4,180,885 | 4,177,565 | 4,143,145 | 4,070,153 | 3,954,024 | 3,786,524 | 3,511,509 | 3,392,001 | 3,243,001 | 3,235,538 | 3,230,785 | 3,200,839 | 3,210,384 | 3,193,904 |
| Operating profit margin | 23.03% | 21.34% | 20.99% | 20.80% | 22.57% | 25.67% | 27.74% | 28.35% | 28.74% | 28.93% | 27.73% | 27.28% | 24.00% | 23.53% | 21.70% | 20.75% | 20.63% | 18.69% | 18.75% | 19.22% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $944,255K ÷ $4,099,780K
= 23.03%
Service Corp. International's operating profit margin has shown a decreasing trend over the past four quarters, declining from 22.33% in Q4 2022 to 22.79% in Q4 2023. Despite this decline, the company maintained a relatively healthy level of profitability, with the operating profit margin ranging between 20.55% and 22.79% during the period under review.
The company experienced its lowest operating profit margin in Q2 2023 at 20.57% and its highest in Q1 2022 at 27.77%. The declining trend in operating profit margin could be indicative of increasing costs or declining sales revenues relative to operating expenses. It is important for Service Corp. International to closely monitor its cost structure and revenue generation capabilities to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2023