B&G Foods Inc (BGS)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -251,251 | -26,262 | -116,467 | -109,852 | -66,198 | -44,472 | -21,314 | -31,611 | -11,370 | -40,484 | 39,846 | 64,141 | 67,363 | 84,348 | 110,414 | 130,774 | 131,988 | 130,075 | 114,350 | 87,690 |
| Revenue (ttm) | US$ in thousands | 1,932,256 | 1,949,320 | 1,990,969 | 2,016,002 | 2,052,587 | 2,101,145 | 2,126,800 | 2,136,134 | 2,163,842 | 2,112,055 | 2,098,643 | 2,084,061 | 2,049,689 | 1,989,304 | 1,970,098 | 2,018,262 | 1,962,498 | 1,927,840 | 1,838,392 | 1,697,050 |
| Net profit margin | -13.00% | -1.35% | -5.85% | -5.45% | -3.23% | -2.12% | -1.00% | -1.48% | -0.53% | -1.92% | 1.90% | 3.08% | 3.29% | 4.24% | 5.60% | 6.48% | 6.73% | 6.75% | 6.22% | 5.17% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-251,251K ÷ $1,932,256K
= -13.00%
The net profit margin of B&G Foods Inc has gradually decreased over the period from March 31, 2020, to December 31, 2024. The company's net profit margin started at a healthy 5.17% in March 2020, reaching a peak of 6.75% in September 2020. However, the net profit margin began to decline thereafter.
From March 2021 to March 2024, the net profit margin fluctuated between positive and negative figures, indicating variability in the company's profitability. The net profit margin dropped to negative values from September 2022 onwards, reaching its lowest point of -13.00% by December 31, 2024. This downward trend in profitability suggests that B&G Foods Inc faced challenges in maintaining its profitability and controlling its costs during this period.
The decreasing net profit margin could be concerning for investors and stakeholders as it indicates declining profitability relative to revenue. It is essential for the company to closely monitor its expenses, revenue generation, and operational efficiency to reverse this trend and improve its overall financial performance in the future.
Peer comparison
Dec 31, 2024