First, the pandemic broke the global supply chain. Then stimulus payments set off a frenzy of consumer spending at a time when finding toilet paper at the local grocery store wasn’t a given.Greedy companies, by this telling, have raised prices above and beyond their rising costs of production.to back up the claim. Nevertheless, rising profit margins may look suspicious, but they aren’t themselves evidence of companies taking advantage of high prices to fatten their coffers.
Here’s the top five as it stands now, with about half of the S&P 500 having reported third-quarter earnings:tops the list. Its operating margin surged from 20.3% for the 12 months ending in September 2021 to 64% over the last year. The 64% is more than 20 percentage points greater than the company’s prior all-time high set in 2015. EQT didn’t respond to a request for comment.
, the company cited cost reductions at its West Virginia wells and the impact of acquisitions as reasons it’s piling up the cash.jumped by 20 percentage points for its last 12 months compared to the year prior. At a 35% operating margin, Merck’s take on revenue is as high as its been since 2004, according to FactSet data. Merck didn’t respond to a request for comment.
“The pandemic” didn’t break the global supply chain. Government intervention and restrictions did. And let’s not forget the government, federal contractors, and big banks who benefitted by being able to spend and loan out the newly minted fiat that congress approved. Cheers.
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