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CoStar Group Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
Operating profit margin | = | 100 | × | Income from operations1 | ÷ | Revenues1 | |
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Income from Operations
- The income from operations exhibits a generally upward trend over the years, beginning at $7.3 million in 2005 and increasing substantially to approximately $451 million by 2022. Notable growth periods include 2007 to 2008, where income more than doubled, and a significant surge occurred between 2013 and 2016. Some fluctuations are evident, with declines observed around 2009 to 2011 and again from 2019 to 2020, followed by recovery in subsequent years.
- Revenues
- Revenues show consistent growth throughout the examined period, starting at approximately $134 million in 2005 and growing steadily to over $2.18 billion by 2022. The growth rate accelerates especially after 2011, with sizable year-over-year increases up to 2019. Despite a slight slowdown during 2019 to 2020, revenue continues on its growth trajectory in the following years.
- Operating Profit Margin
- The operating profit margin displays considerable variability across the years. Initially, it rises from 5.47% in 2005 to a peak of 18.73% in 2008, but then declines and fluctuates in the following years. From 2011 onward, margins improve progressively, reaching a peak of 25.97% in 2019. The margin dips again in 2020 but rebounds in 2021 and 2022 to levels above 20%. This suggests effective cost and operational management, especially in the latter half of the timeframe, despite challenges in certain years.
- Overall Analysis
- The financial data indicates a strong expansion in both revenue and operating income over the analyzed years. While revenues grow steadily, income from operations and operating margins show more volatility, reflecting possible operational adjustments or market conditions impacting profitability. Periods of sharp increases in income and margin align with accelerated revenue growth, signaling improved operational efficiency. Temporary declines in income and margin, notably around 2009–2011 and 2019–2020, may correspond to external economic pressures or internal restructuring. Despite these fluctuations, the upward trend in key financial indicators points to sustained overall financial health and growth.