Ball Corporation (BALL)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 707,000 | 608,000 | 797,000 | 450,000 | 719,000 | 961,000 | 748,000 | 1,124,000 | 878,000 | 808,000 | 870,000 | 762,000 | 585,000 | 481,000 | 332,000 | 435,000 | 529,000 | 529,000 | 496,000 | 418,000 |
| Revenue (ttm) | US$ in thousands | 13,557,000 | 13,800,000 | 14,200,000 | 14,813,000 | 15,054,000 | 15,236,000 | 14,868,000 | 14,164,000 | 13,623,000 | 13,021,000 | 12,502,000 | 11,903,000 | 11,567,000 | 11,231,000 | 11,198,000 | 11,382,000 | 11,444,000 | 11,528,000 | 11,466,000 | 11,594,000 |
| Net profit margin | 5.22% | 4.41% | 5.61% | 3.04% | 4.78% | 6.31% | 5.03% | 7.94% | 6.44% | 6.21% | 6.96% | 6.40% | 5.06% | 4.28% | 2.96% | 3.82% | 4.62% | 4.59% | 4.33% | 3.61% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $707,000K ÷ $13,557,000K
= 5.22%
The net profit margin of Ball Corp. has shown fluctuations over the past eight quarters. In Q1 2022, the net profit margin was at its highest point of 7.80%, indicating that the company was able to generate a significant profit relative to its revenue during that period. However, there was a decline in the following quarters, with Q2 2022 and Q3 2022 showing lower net profit margins of 4.96% and 6.21%, respectively.
The trend continued into the next year, with Q4 2022 showing a slight improvement in the net profit margin to 4.68%. However, in Q1 2023, there was a significant drop to 2.98%, indicating that the company's profitability decreased substantially during that quarter.
Subsequently, there was an uptick in the net profit margin in Q2 2023 and Q4 2023, reaching 5.48% and 5.04%, respectively. Despite the improvement in Q4 2023, the net profit margin remains below the levels seen in Q1 2022.
Overall, while there have been fluctuations in Ball Corp.'s net profit margin over the past eight quarters, the company's profitability has shown variability, with some quarters performing better than others. It would be important for stakeholders to further investigate the factors contributing to these fluctuations to assess the company's financial performance accurately.
Peer comparison
Dec 31, 2023