Ball Corporation (BALL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 707,000 | 719,000 | 878,000 | 585,000 | 566,000 |
| Revenue | US$ in thousands | 13,557,000 | 15,054,000 | 13,623,000 | 11,567,000 | 11,319,000 |
| Net profit margin | 5.22% | 4.78% | 6.44% | 5.06% | 5.00% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $707,000K ÷ $13,557,000K
= 5.22%
The net profit margin of Ball Corp. has shown fluctuations over the past five years. In 2023, the net profit margin increased to 5.04% from 4.68% in 2022, indicating an improvement in the company's profitability. This increase suggests that Ball Corp. was able to effectively control its expenses and generate a higher level of profit relative to its revenue in 2023.
Comparing the net profit margin of 2023 to previous years, it is slightly below the 6.36% recorded in 2021, which was the highest in the given period. However, it is important to note that the net profit margin in 2023 is still higher than the margins in 2020 and 2019, indicating a generally positive trend in profitability over the past five years.
Overall, the net profit margin of Ball Corp. has shown variability, but the recent increase in 2023 may suggest improvements in the company's efficiency and profitability. Further analysis of the company's financial performance and strategic initiatives would provide a more comprehensive understanding of the factors influencing its net profit margin.
Peer comparison
Dec 31, 2023