The Chefs Warehouse Inc (CHEF)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 34,590 | 27,750 | -4,923 | -82,903 | 24,193 |
| Revenue | US$ in thousands | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 | 1,573,980 |
| Net profit margin | 1.02% | 1.09% | -0.28% | -7.60% | 1.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $34,590K ÷ $3,390,260K
= 1.02%
The net profit margin of The Chefs Warehouse Inc has shown fluctuations over the past five years. In 2023, the net profit margin stood at 1.02%, a slight decrease from the previous year's 1.09%. This indicates that the company earned $1.02 in profit for every $100 in revenue generated.
The negative net profit margins in 2021 and 2020 at -0.28% and -7.60% respectively reflect periods where the company faced challenges in generating profits relative to its revenue. However, the favorable net profit margin of 1.54% in 2019 indicates a more profitable year for the company.
Overall, The Chefs Warehouse Inc's net profit margin has shown variability, suggesting fluctuations in the company's profitability over the years. Further analysis of the company's cost structure and revenue streams may provide insights into the factors driving these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023