Choice Hotels International Inc (CHH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 258,507 | 332,152 | 288,957 | 75,387 | 222,878 |
| Revenue | US$ in thousands | 1,544,160 | 1,401,950 | 1,069,300 | 774,072 | 1,114,820 |
| Net profit margin | 16.74% | 23.69% | 27.02% | 9.74% | 19.99% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $258,507K ÷ $1,544,160K
= 16.74%
Choice Hotels International Inc's net profit margin has shown fluctuations over the past five years. In 2023, the net profit margin decreased to 16.74% from 23.69% in 2022 and 27.02% in 2021. This decline indicates a decrease in the company's profitability compared to the previous two years. However, the net profit margin in 2023 is still higher than that of 2020, which was 9.74%. Furthermore, the net profit margin in 2023 is lower than the 2019 figure of 19.99%, suggesting a slight decrease in profitability compared to four years ago. Overall, while the net profit margin in 2023 reflects a decrease compared to the two preceding years, it remains relatively healthy compared to the margin in 2020.
Peer comparison
Dec 31, 2023