Armstrong World Industries Inc (AWI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 223,800 | 202,900 | 183,200 | -99,100 | 214,500 |
| Revenue | US$ in thousands | 1,247,800 | 1,230,300 | 1,097,100 | 912,800 | 1,035,400 |
| Net profit margin | 17.94% | 16.49% | 16.70% | -10.86% | 20.72% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $223,800K ÷ $1,247,800K
= 17.94%
The net profit margin of Armstrong World Industries Inc. has displayed varying trends over the past five years. In 2023, the company's net profit margin stood at 17.27%, showing a slight increase compared to the previous year's margin of 16.43%. However, this current margin is lower than the margins recorded in 2020 and 2019, where the company achieved notably higher margins of 68.91% and 20.61%, respectively.
The significant fluctuation in net profit margins suggests potential changes in the company's profitability and cost management strategies over the years. The exceptionally high net profit margin in 2020 might be attributed to specific unique factors or one-time events impacting the company's financial performance. On the other hand, the moderate margins in 2022 and 2023 indicate a more normalized level of profitability for Armstrong World Industries Inc.
Overall, Armstrong World Industries Inc.'s net profit margin demonstrates a mix of fluctuations and stability, reflecting the varying financial performance of the company over the past five years. A detailed analysis of the underlying factors influencing these margins would provide further insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023