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NV5 Global (NV5 Global) Operating Income : $56.9 Mil (TTM As of Mar. 2024)


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What is NV5 Global Operating Income?

NV5 Global's Operating Income for the three months ended in Mar. 2024 was $4.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $56.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NV5 Global's Operating Income for the three months ended in Mar. 2024 was $4.7 Mil. NV5 Global's Revenue for the three months ended in Mar. 2024 was $213.3 Mil. Therefore, NV5 Global's Operating Margin % for the quarter that ended in Mar. 2024 was 2.21%.

Good Sign:

NV5 Global Inc operating margin is expanding. Margin expansion is usually a good sign.

NV5 Global's 5-Year average Growth Rate for Operating Margin % was 1.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NV5 Global's annualized ROC % for the quarter that ended in Mar. 2024 was 1.40%. NV5 Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.55%.


NV5 Global Operating Income Historical Data

The historical data trend for NV5 Global'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.

* Premium members only.

NV5 Global Operating Income Chart

NV5 Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.21 44.15 68.34 66.18 61.18

NV5 Global 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.99 20.44 15.07 16.68 4.71

NV5 Global Operating Income Calculation

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 $56.9 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.


NV5 Global  (NAS:NVEE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NV5 Global'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 )
=18.836 * ( 1 - 21.24% )/( (1037.452 + 1074.653)/ 2 )
=14.8352336/1056.0525
=1.40 %

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))
=1170.592 - 88.316 - ( 44.824 - max(0, 159.419 - 329.064+44.824))
=1037.452

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))
=1211.957 - 92.538 - ( 44.766 - max(0, 162.229 - 332.112+44.766))
=1074.653

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

NV5 Global'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 )
=18.836/( ( (87.104 + max(34.789, 0)) + (92.045 + max(28.288, 0)) )/ 2 )
=18.836/( ( 121.893 + 120.333 )/ 2 )
=18.836/121.113
=15.55 %

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)
=(152.593 + 0 + 18.376) - (88.316 + 41.679 + 6.185)
=34.789

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(149.206 + 0 + 17.435) - (92.538 + 40.212 + 5.603)
=28.288

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 %:

NV5 Global'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 )
=4.709/213.295
=2.21 %

* 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.


NV5 Global Operating Income Related Terms

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NV5 Global (NV5 Global) Business Description

Traded in Other Exchanges
N/A
Address
200 South Park Road, Suite 350, Hollywood, FL, USA, 33021
NV5 Global Inc is a provider of technology, conformity assessment, and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets, operating nationwide and abroad. The Company's clients include the U.S. Federal, state and local governments, and the private sector. The operating business segments are Infrastructure and Building, Technology & Sciences, and Geospatial Solutions. The maximum revenue derives from the Infrastructure segment.
Executives
Maryjo O'brien officer: Ex VP, Chief Admin & Secretary 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Donald C Alford director, officer: Executive VP 646 SAN ANTONIO AVENUE, SAN DIEGO CA 92106
Richard Tong officer: Exec VP and General Counsel 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
William D Pruitt director C/O KOS PHARMACEUTICALS, INC., 2200 N. COMMERCE PKWY., SUITE 300, WESTON FL 33326-3258
Brian C. Freckmann director 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Dickerson Wright director, 10 percent owner, officer: CEO and President 646 SAN ANTONIO AVENUE, SAN DIEGO CA 92106
Alexander A. Hockman officer: Executive VP 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Tardan Francois director 200 SOUTH PARK RD., SUITE 350, HOLLYWOOD FL 33021
Denise Dickins director 1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406
Michael John Renshaw director 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Laurie Catherine Conner director 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Gerald J. Salontai director 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021
Michael P Rama officer: VP and CFO C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
Edward H Codispoti officer: CFO 10255 SW 9TH TERRACE, MIAMI FL 33174
Jeffrey A. Liss director 200 SOUTH PARK ROAD, SUITE 350, HOLLYWOOD FL 33021