ANGI Homeservices Inc (ANGI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,004 | -40,940 | -127,982 | -70,494 | -4,160 |
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Net profit margin | 3.04% | -3.01% | -6.77% | -4.18% | -0.28% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $36,004K ÷ $1,185,110K
= 3.04%
The net profit margin of ANGI Homeservices Inc has exhibited notable fluctuations over the period spanning December 31, 2020, to December 31, 2024. Initially, in 2020, the company reported a marginal negative net profit margin of -0.28%, indicating a near break-even point with slight profitability loss. The following year, 2021, there was a substantial decline to -4.18%, reflecting increased losses relative to total revenue. In 2022, the negative trend deepened further, with the net profit margin reaching -6.77%, signaling a worsening profitability situation.
However, an improvement materialized in 2023, as the net profit margin narrowed to -3.01%, suggesting a partial recuperation of profitability, potentially driven by operational adjustments or revenue growth. By the end of 2024, the company experienced a significant turnaround, transitioning into positive territory with a net profit margin of 3.04%. This shift indicates not only a return to profitability but also a potentially sustainable enhancement in the company's ability to generate profit from its revenues.
Overall, the trend demonstrates a period of intensified losses followed by a progressive recovery culminating in profitability in 2024. This pattern may reflect underlying strategic or operational changes, cost management improvements, or revenue growth initiatives undertaken during this timeframe.
Peer comparison
Dec 31, 2024