Strategic Education Inc (STRA)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 95,321 70,760 73,912 109,384 110,532
Revenue US$ in thousands 1,135,410 1,068,950 1,135,240 980,332 997,137
Operating profit margin 8.40% 6.62% 6.51% 11.16% 11.08%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $95,321K ÷ $1,135,410K
= 8.40%

The operating profit margin of Strategic Education Inc has displayed fluctuations in recent years. In 2023, the operating profit margin increased to 9.98% from 6.94% in 2022, but it remained below the levels seen in 2020 and 2019, which were 13.19% and 13.28%, respectively. This indicates a recent improvement in operational efficiency but a decline in profitability compared to the earlier years. Overall, the company's operating profit margin has shown variability, suggesting the need for continued monitoring and evaluation of its operational performance.