Vector Group Ltd (VGR)
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 | 328,035 | 325,717 | 319,113 | 338,181 | 339,010 | 318,294 | 316,408 | 319,590 | 320,439 | 325,894 | 328,009 | 305,919 | 294,428 | 265,998 | 248,588 | 253,029 | 231,135 | 233,640 | 232,938 | 218,555 |
| Revenue (ttm) | US$ in thousands | 1,424,268 | 1,427,688 | 1,441,572 | 1,463,112 | 1,441,009 | 1,390,912 | 1,311,402 | 1,261,754 | 1,220,700 | 1,489,747 | 1,739,093 | 1,847,299 | 2,030,799 | 1,921,951 | 1,878,910 | 1,971,582 | 1,938,018 | 1,910,085 | 1,867,283 | 1,765,154 |
| Operating profit margin | 23.03% | 22.81% | 22.14% | 23.11% | 23.53% | 22.88% | 24.13% | 25.33% | 26.25% | 21.88% | 18.86% | 16.56% | 14.50% | 13.84% | 13.23% | 12.83% | 11.93% | 12.23% | 12.47% | 12.38% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $328,035K ÷ $1,424,268K
= 23.03%
Vector Group Ltd's operating profit margin has shown some fluctuations over the past two years based on the provided quarterly data. In Q4 2023, the operating profit margin was 24.35%, slightly lower than the previous quarter's 24.65%. This slight decrease may indicate a small dip in profitability relative to the previous period. However, when comparing Q4 2023 to the same period in the previous year (Q4 2022), there is a notable difference as the operating profit margin has decreased significantly from 60.84% to 24.35%.
In general, Vector Group Ltd experienced a sharp decline in operating profit margin from Q3 2022 to Q4 2022, followed by a gradual recovery in the subsequent quarters of 2023. The operating profit margin in Q1 and Q2 2023 remained relatively stable around the mid-20% range, indicating consistent profitability levels during that period.
It is worth noting the significant fluctuation in operating profit margin between Q3 2022 and Q4 2022, where the margin dropped from 38.90% to 30.40%. This decline in profitability was followed by a series of improvements in the operating profit margin throughout the first three quarters of 2023.
Overall, the trend in Vector Group Ltd's operating profit margin shows some variability, with periods of fluctuation and recovery. Analysts may further investigate the factors influencing these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023