Vulcan Materials Company (VMC)
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 | 1,427,300 | 1,248,700 | 1,135,200 | 991,700 | 951,500 | 971,400 | 928,400 | 908,300 | 1,010,800 | 995,830 | 1,021,534 | 1,032,930 | 895,731 | 892,876 | 908,148 | 885,326 | 877,458 | 870,374 | 816,182 | 770,951 |
| 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 |
| Operating profit margin | 18.34% | 16.26% | 14.97% | 13.36% | 13.01% | 13.51% | 14.03% | 15.08% | 18.21% | 19.45% | 20.79% | 21.18% | 18.44% | 18.34% | 18.25% | 17.77% | 17.80% | 18.02% | 17.54% | 17.04% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,427,300K ÷ $7,782,000K
= 18.34%
The operating profit margin for Vulcan Materials Co has exhibited a generally positive trend over the past eight quarters, increasing from 13.79% in Q4 2022 to 17.72% in Q4 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue, resulting in higher profitability. The margins have fluctuated slightly from quarter to quarter, with some quarters showing more significant increases or decreases than others. Overall, the upward trend in operating profit margins suggests improving operational efficiency and potentially better cost management by Vulcan Materials Co.
Peer comparison
Dec 31, 2023