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Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Operating Margin %

: 12.81% (As of Dec. 2023)
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Operating Margin % is calculated as Operating Income divided by its Revenue. Great Lakes Dredge & Dock's Operating Income for the three months ended in Dec. 2023 was $23.3 Mil. Great Lakes Dredge & Dock's Revenue for the three months ended in Dec. 2023 was $181.7 Mil. Therefore, Great Lakes Dredge & Dock's Operating Margin % for the quarter that ended in Dec. 2023 was 12.81%.

The historical rank and industry rank for Great Lakes Dredge & Dock's Operating Margin % or its related term are showing as below:

GLDD' s Operating Margin % Range Over the Past 10 Years
Min: -3.07   Med: 4.12   Max: 14.79
Current: 3.51


GLDD's Operating Margin % is ranked worse than
60.57% of 1651 companies
in the Construction industry
Industry Median: 5.21 vs GLDD: 3.51

Great Lakes Dredge & Dock's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Great Lakes Dredge & Dock's Operating Income for the three months ended in Dec. 2023 was $23.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $20.7 Mil.


Great Lakes Dredge & Dock Operating Margin % Historical Data

The historical data trend for Great Lakes Dredge & Dock's Operating Margin % 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.

Great Lakes Dredge & Dock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.30 14.79 11.45 -3.07 3.51

Great Lakes Dredge & Dock Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % 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 -19.48 -0.56 2.59 -4.40 12.81

Competitive Comparison

For the Engineering & Construction subindustry, Great Lakes Dredge & Dock's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Great Lakes Dredge & Dock Operating Margin % Distribution

For the Construction industry and Industrials sector, Great Lakes Dredge & Dock's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Great Lakes Dredge & Dock's Operating Margin % falls into.



Great Lakes Dredge & Dock Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Great Lakes Dredge & Dock's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=20.676 / 589.625
=3.51 %

Great Lakes Dredge & Dock's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=23.279 / 181.729
=12.81 %

* 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.


Great Lakes Dredge & Dock  (NAS:GLDD) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Great Lakes Dredge & Dock Operating Margin % Related Terms

Thank you for viewing the detailed overview of Great Lakes Dredge & Dock's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Great Lakes Dredge & Dock (Great Lakes Dredge & Dock) Business Description

Traded in Other Exchanges
Address
9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.
Executives
Ryan Levenson director 2396 DELLWOOD DRIVE, ATLANTA GA 30305
Lasse Petterson director, officer: CEO & President 2103 RESEARCH FOREST DRIVE THE WOODLANDS TX 77380
David E Simonelli officer: Chief Operating Officer C/O GREAT LAKES DREDGE & DOCK CORPORATIO 2122 YORK ROAD OAK BROOK IL 60523
Lawrence R Dickerson director 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Kathleen Mackie Lavoy officer: SVP & Chief Legal Officer C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523
D Michael Steuert director C/O FLUOR CORP, ONE ENTERPRISE DR, ALISO VIEJO CA 92656
Ronald Steger director 13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Kathleen M Shanahan director 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Michael Joseph Walsh director C/O GREAT LAKES DREDGE & DOCK CORP 2122 YORK ROAD OAK BROOK IL 60523
Mark W. Marinko officer: Chief Financial Officer C/O GREAT LAKES DREDGE & DOCK CORP., 2122 YORK ROAD, SUITE 200, OAK BROOK IL 60523
Annette W Cyr officer: Chief HR & Admin Officer C/O BRIGHTPOINT., INC. 7635 INTERACTIVE WAY, SUITE 200 INDIANAPOLIS IN 46278
Carl A Albert director C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
Robert B Uhler director C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD, SUITE 200 OAK BROOK IL 60523
Jason Weiss director C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388
Christopher P Shea officer: President - E&I Division C/O GREAT LAKES DREDGE & DOCK CORP. 2122 YORK ROAD OAK BROOK IL 60523