Vulcan Materials Company (VMC)

Net 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
Net income (ttm)	US$ in thousands	933,200	825,200	725,800	604,500	575,600	594,100	593,900	601,900	670,700	647,318	670,206	684,822	584,480	611,054	626,979	614,621	617,662	600,593	564,031	526,125
Revenue (ttm)	US$ in thousands	7,782,000	7,679,600	7,582,100	7,423,500	7,315,200	7,189,600	6,617,800	6,024,500	5,552,100	5,120,920	4,914,310	4,875,890	4,856,830	4,867,860	4,976,730	4,981,830	4,929,101	4,831,001	4,652,441	4,524,911
Net profit margin		11.99%	10.75%	9.57%	8.14%	7.87%	8.26%	8.97%	9.99%	12.08%	12.64%	13.64%	14.05%	12.03%	12.55%	12.60%	12.34%	12.53%	12.43%	12.12%	11.63%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $933,200K ÷ $7,782,000K
= 11.99%

The net profit margin of Vulcan Materials Co has shown a generally increasing trend over the past eight quarters. In Q4 2023, the net profit margin reached 11.99%, which was the highest among the periods analyzed. This indicates that the company was able to convert a higher percentage of its revenues into profits during that quarter.

The improvement in net profit margin from Q1 2023 to Q4 2023 suggests that Vulcan Materials Co has been effectively managing its costs and expenses in relation to its revenue generation. This may be a result of operational efficiencies, cost control measures, or pricing strategies implemented by the company.

Comparing the net profit margin in Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a noticeable increase from 7.87% to 11.99%. This significant improvement indicates that Vulcan Materials Co has been able to enhance its profitability over the year, possibly through strategic initiatives or favorable market conditions.

Overall, the consistent upward trend in net profit margin reflects positively on Vulcan Materials Co's financial performance and ability to generate profits relative to its revenue. Investors and stakeholders may view this as a sign of the company's strength and sustainability in generating returns.