Crown Holdings Inc (CCK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 450,000 | 727,000 | -560,000 | 579,000 | 510,000 |
| Revenue | US$ in thousands | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 | 11,665,000 |
| Net profit margin | 3.90% | 5.76% | -5.04% | 5.14% | 4.37% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $450,000K ÷ $11,532,000K
= 3.90%
Crown Holdings, Inc.'s net profit margin has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 3.75% from 5.62% in 2022. This decline indicates that the company's profitability relative to its revenue decreased during the most recent fiscal year. The negative net profit margin of -4.91% in 2021 suggests that the company incurred losses during that period, which may have been due to factors such as high expenses or low sales revenue. The positive net profit margins in 2020 and 2019, at 5.00% and 4.37% respectively, indicate healthier profitability levels in those years compared to 2021. Overall, Crown Holdings, Inc.'s net profit margin has shown variability in performance, emphasizing the importance of closely monitoring and analyzing the company's financial results to understand the underlying factors influencing its profitability.
Peer comparison
Dec 31, 2023