Archer-Daniels-Midland Company (ADM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,483,000 | 4,340,000 | 2,709,000 | 1,772,000 | 1,379,000 |
| Revenue | US$ in thousands | 93,935,000 | 101,556,000 | 85,249,000 | 64,355,000 | 64,656,000 |
| Net profit margin | 3.71% | 4.27% | 3.18% | 2.75% | 2.13% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,483,000K ÷ $93,935,000K
= 3.71%
Archer-Daniels-Midland Company's net profit margin has demonstrated a positive trend over the past five years, increasing from 2.13% in 2019 to 3.71% in 2023. This indicates an improvement in the company's ability to generate profits from its revenue. Additionally, the company's net profit margin has consistently exceeded 3% since 2021, suggesting operational efficiency and effective cost management. However, a slight decline was noted in 2022, dropping to 4.27% from the previous year's 3.18%. Overall, the steady improvement in net profit margin reflects positively on Archer-Daniels-Midland Company's financial performance and potentially signifies increasing profitability over the years.
Peer comparison
Dec 31, 2023