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

Company name
Symbol
Net profit margin
Ball Corporation
BALL
5.22%
Crown Holdings Inc
CCK
3.90%
Silgan Holdings Inc
SLGN
5.61%