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MYR Group's Operating Income for the three months ended in Mar. 2024 was $23 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $121 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. MYR Group's Operating Income for the three months ended in Mar. 2024 was $23 Mil. MYR Group's Revenue for the three months ended in Mar. 2024 was $816 Mil. Therefore, MYR Group's Operating Margin % for the quarter that ended in Mar. 2024 was 2.79%.
Good Sign:
MYR Group Inc operating margin is expanding. Margin expansion is usually a good sign.
MYR Group's 5-Year average Growth Rate for Operating Margin % was 5.60% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MYR Group's annualized ROC % for the quarter that ended in Mar. 2024 was 6.31%. MYR Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.41%.
The historical data trend for MYR Group's Operating Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MYR Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 53.64 | 83.73 | 115.46 | 112.53 | 124.88 |
MYR Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Operating Income | Get a 7-Day Free Trial | 26.20 | 31.12 | 31.27 | 36.28 | 22.78 |
Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.
Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $121 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MYR Group (NAS:MYRG) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
MYR Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 91.128 * ( 1 - 18% ) | / | ( (1112.089 | + | 1257.117) | / 2 ) |
= | 74.72496 | / | 1184.603 | |||
= | 6.31 % |
where
Invested Capital | (Q: Dec. 2023 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 1578.746 | - | 441.758 | - | ( 24.899 | - | max(0, 747.202 | - | 1026.244 | + | 24.899 | )) |
= | 1112.089 |
Invested Capital | (Q: Mar. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 1583.49 | - | 322.462 | - | ( 3.911 | - | max(0, 732.358 | - | 1026.187 | + | 3.911 | )) |
= | 1257.117 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
MYR Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Mar. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Dec. 2023 | Q: Mar. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 96.6 | / | ( ( (303.99 + max(-166.196, 0)) | + | (311.084 + max(-152.412, 0)) ) | / | 2 ) |
= | 96.6 | / | ( ( 303.99 | + | 311.084 ) | / | 2 ) |
= | 96.6 | / | 307.537 | ||||
= | 31.41 % |
where Working Capital is:
Working Capital | (Q: Dec. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (516.142 | + | 0 | + | 46.535) | - | (441.758 | + | 240.411 | + | 46.704) |
= | -166.196 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (527.069 | + | 0 | + | 34.497) | - | (322.462 | + | 270.964 | + | 120.552) |
= | -152.412 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
3. Operating Income is also linked to Operating Margin %:
MYR Group's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:
Operating Margin % | = | Operating Income (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 22.782 | / | 815.562 | |
= | 2.79 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.
Be Aware
Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of MYR Group's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Swartz Richard S. Jr. | officer: Group VP | MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210 |
William Fry | officer: VP, CLO and Secretary | 10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042 |
Don A. Egan | officer: SVP and COO C&I | 12121 GRANT STREET, SUITE 610, THORNTON CO 80241 |
Maurice E. Moore | director | 1100 LATHROP AVENUE, RIVER FOREST IL 60305 |
Betty R. Johnson | director | 1115 CENTRAL AVE #239, NAPLES FL 34103 |
Jennifer Elaine Lowry | director | 2 HOLLINS AVE, BALTIMORE MD 21210 |
Jeffrey J. Waneka | officer: SVP and COO C&I | 1701 GOLF ROAD, SUITE 3-1012, ROLLING MEADOWS IL 60008 |
Tod M. Cooper | officer: Senior Vice President | 1701 GOLF RD, SUITE 3-1012, ROLLING MEADOWS IL 60008 |
Bradley Thede Favreau | director | 438 CLEARMONT AVE, APT C, BROOKLYN NY 11238 |
Kelly Michelle Huntington | officer: Senior VP | 7575 NORTH PENNSYLVANIA STREET, INDIANAPOLIS IN 46240 |
Ajoy Hari Karna | director | 2501 M ST NW, UNIT 508, WASHINGTON DC 20037 |
William A Koertner | director, officer: Chairman, President and CEO | MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210 |
Shirin O'connor | director | 3054 CREEKSIDE DRIVE, SENECA SC 29672 |
William Patterson | director | 60 ARDMORE ROAD, HO-HO-KUS NJ 07423 |
Gary Ronald Johnson | director | 6599 PINNACLE DRIVE, EDEN PRAIRIE MN 55346 |
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