B&G Foods Inc (BGS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -251,251 | -66,198 | -11,370 | 67,363 | 131,988 |
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Net profit margin | -13.02% | -3.22% | -0.53% | 3.29% | 6.73% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-251,251K ÷ $1,930,330K
= -13.02%
Based on the data provided, B&G Foods Inc's net profit margin has experienced a declining trend over the years, indicating potential challenges in generating profits relative to its revenue. The net profit margin decreased from 6.73% as of December 31, 2020, to 3.29% as of December 31, 2021, showing a notable decline in profitability. This declining trend continued with net profit margins of -0.53% as of December 31, 2022, -3.22% as of December 31, 2023, and a significant decrease to -13.02% as of December 31, 2024.
A negative net profit margin implies that the company's expenses exceed its revenues, resulting in net losses. The decreasing trend in net profit margin could indicate various issues such as cost inefficiencies, pricing pressures, or operational challenges that are impacting the company's profitability.
It is crucial for B&G Foods Inc to closely monitor its cost structure, revenue streams, and operational efficiency to improve its net profit margin and maintain sustainable profitability in the future. Additional strategic measures may be necessary to address the underlying factors contributing to the declining trend observed in the net profit margin.
Peer comparison
Dec 31, 2024