Sterling Construction Company Inc (STRL)
Operating profit margin
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 278,573 | 264,622 | 258,119 | 227,764 | 215,293 | 205,795 | 187,070 | 177,619 | 158,446 | 154,088 | 136,826 | 121,171 | 112,801 | 107,287 | 108,418 | 105,218 | 105,544 | 94,892 | 83,712 | 66,996 |
| Revenue (ttm) | US$ in thousands | 2,106,345 | 2,115,756 | 2,102,901 | 2,069,507 | 2,009,010 | 1,972,229 | 1,934,858 | 1,931,453 | 1,919,696 | 1,926,437 | 1,879,165 | 1,785,672 | 1,676,770 | 1,581,766 | 1,527,659 | 1,447,668 | 1,446,040 | 1,427,412 | 1,426,728 | 1,334,969 |
| Operating profit margin | 13.23% | 12.51% | 12.27% | 11.01% | 10.72% | 10.43% | 9.67% | 9.20% | 8.25% | 8.00% | 7.28% | 6.79% | 6.73% | 6.78% | 7.10% | 7.27% | 7.30% | 6.65% | 5.87% | 5.02% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $278,573K ÷ $2,106,345K
= 13.23%
The operating profit margin of Sterling Construction Company Inc exhibits a consistent upward trend over the analyzed period from June 30, 2020, through March 31, 2025. Initially recorded at approximately 5.02%, the margin demonstrated gradual improvements, reaching around 5.87% by September 30, 2020, and further progressing to mid-6% levels by the end of 2020 and into 2021. Throughout 2021, the margin fluctuated slightly but maintained an overall upward trajectory, peaking at 7.30% in March 2021 before gradually declining to approximately 6.78% by the end of December 2021.
Starting in early 2022, the operating profit margin experienced a steady increase, rising from about 6.73% in March 2022 to 8.00% in December 2022. This upward momentum continued into 2023, with the margin reaching 8.25% in March and 9.20% in June, attaining nearly 10.00% by September 2023. The most notable growth occurred thereafter; from December 2023 onward, the margin consistently expanded, surpassing 10.00% and reaching approximately 13.23% by March 2025.
Overall, the trend reflects enhanced operational efficiency and improved profitability, suggesting the company's ability to manage costs effectively relative to its revenue. The steady and sustained increase in operating profit margin indicates a positive trajectory in profitability, possibly driven by operational improvements, strategic initiatives, or favorable market conditions during this period.
Peer comparison
Mar 31, 2025