Sterling Construction Company Inc (STRL)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 264,622 | 205,795 | 159,870 | 107,011 | 92,615 |
| Revenue | US$ in thousands | 2,115,760 | 1,972,230 | 1,769,440 | 1,414,370 | 1,226,740 |
| Operating profit margin | 12.51% | 10.43% | 9.04% | 7.57% | 7.55% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $264,622K ÷ $2,115,760K
= 12.51%
The operating profit margin of Sterling Construction Company Inc exhibits a consistent upward trend over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the margin increased marginally from 7.55% in 2020 to 7.57% in 2021, indicating stability in profitability relative to revenue during this initial period. Subsequently, the operating profit margin demonstrated a more pronounced improvement, rising to 9.04% in 2022, which suggests enhanced operational efficiency or improved pricing strategies. The margin continued its positive trajectory, reaching 10.43% by 2023, further signifying sustained gains in operating profitability. The most recent data for December 31, 2024, reveals a margin of 12.51%, representing a significant increase in operating profit relative to sales compared to prior years. Overall, the trend indicates that Sterling Construction Company Inc has been increasingly effective at converting revenues into operating profit, reflecting improvements in cost management, operational leverage, or revenue generation capabilities over the evaluated period.
Peer comparison
Dec 31, 2024