Bellring Brands LLC (BRBR)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	165,500	82,300	27,600	23,500
Revenue	US$ in thousands	1,666,800	1,371,500	1,247,100	988,300
Net profit margin		9.93%	6.00%	2.21%	2.38%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $165,500K ÷ $1,666,800K
= 9.93%

Bellring Brands Inc's net profit margin has exhibited variability over the past five years. In the fiscal year ending September 30, 2023, the net profit margin improved to 9.93%, representing a substantial increase from the previous year's 6.00%. This indicates that the company effectively managed its expenses and generated a higher proportion of net income from its revenue. However, in the fiscal year ending September 30, 2022, the net profit margin had declined from 14.41% in the prior year to 6.00%, implying a significant reduction in profitability. The net profit margin in the fiscal years 2020 and 2021 remained relatively stable at around 2.38% and 2.21% respectively. This inconsistent trend suggests that Bellring Brands Inc may have experienced challenges in controlling costs and sustaining profitability in certain periods. Further analysis of the company's cost structure and revenue generation capabilities would provide insights into the factors driving these fluctuations in net profit margin.