Api Group Corp (APG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 250,000 | 153,000 | 73,000 | 47,000 | -153,000 |
| Revenue | US$ in thousands | 7,018,000 | 6,928,000 | 6,558,000 | 3,940,000 | 3,587,000 |
| Net profit margin | 3.56% | 2.21% | 1.11% | 1.19% | -4.27% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $250,000K ÷ $7,018,000K
= 3.56%
The net profit margin of Api Group Corp has exhibited a noteworthy positive trajectory over the period from December 31, 2020, to December 31, 2024. In the fiscal year ending December 31, 2020, the company reported a negative net profit margin of -4.27%, indicating a period of unprofitability or losses relative to its revenues. This negative margin suggests that the company's expenses exceeded its revenue during that period, reflecting operational challenges or exceptional costs.
By the subsequent year, December 31, 2021, the company's net profit margin shifted into positive territory at 1.19%, signifying an improvement in profitability. This transition from negative to positive margin may be indicative of successful operational adjustments, cost controls, or increased revenues that contributed to the alleviation of prior losses.
The profitability level sustained a marginal decrease to 1.11% in 2022, maintaining a positive, albeit slightly diminished, net profit margin. This stability suggests that the company managed to preserve its profitability margins despite possible market or operational fluctuations.
Further improvement is observed in the year ending December 31, 2023, where the net profit margin increased to 2.21%. This growth signifies an enhanced profitability performance, potentially driven by revenue growth, cost efficiencies, or better margin management strategies.
The most significant development occurs in the fiscal year ending December 31, 2024, with the net profit margin rising to 3.56%. This indicates a continued and strengthening profitability trend, reflecting further operational efficiencies, revenue expansion, or favorable market conditions.
Overall, the progression from a negative margin in 2020 to a positive and steadily increasing margin through 2024 demonstrates a consistent improvement in the company's ability to generate profit relative to its revenues. This trend suggests that Api Group Corp has successfully navigated operational challenges and enhanced its profitability positioning over this period.
Peer comparison
Dec 31, 2024