Calix Inc (CALX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,325 | 41,010 | 238,378 | 33,484 | -17,694 |
| Revenue | US$ in thousands | 1,040,390 | 868,127 | 679,394 | 537,325 | 421,694 |
| Net profit margin | 2.82% | 4.72% | 35.09% | 6.23% | -4.20% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $29,325K ÷ $1,040,390K
= 2.82%
The net profit margin of Calix Inc has fluctuated over the past five years. In 2023, the net profit margin decreased to 2.82% from 4.73% in 2022, indicating a decrease in profitability compared to the previous year. However, it is important to note that the net profit margin in 2023 is significantly lower than in 2021, where it was 35.09%. This suggests a substantial decline in profitability from the exceptionally high levels seen in 2021.
The negative net profit margin in 2019 at -4.17% indicates that Calix Inc incurred a net loss that year. The subsequent improvement in profitability in the following years reflects the company's efforts to enhance its financial performance. Overall, while the net profit margin in 2023 decreased compared to the previous year, it is crucial for Calix Inc to focus on strategies to improve profitability and ensure sustainable financial growth.
Peer comparison
Dec 31, 2023