Colgate-Palmolive Company (CL)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,889,000 | 2,300,000 | 1,785,000 | 2,166,000 | 2,695,000 |
| Revenue | US$ in thousands | 20,101,000 | 19,457,000 | 17,967,000 | 17,421,000 | 16,471,000 |
| Net profit margin | 14.37% | 11.82% | 9.93% | 12.43% | 16.36% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,889,000K ÷ $20,101,000K
= 14.37%
Based on the data provided, Colgate-Palmolive Company's net profit margin has shown some fluctuations over the past five years.
In December 31, 2020, the net profit margin was relatively high at 16.36%, indicating that for every dollar of revenue generated, the company retained $0.1636 as profit. However, by December 31, 2021, the net profit margin decreased to 12.43%, suggesting a decrease in profitability compared to the previous year.
Further, there was a noticeable decline in the net profit margin to 9.93% by December 31, 2022, indicating that the company's profitability took a hit. However, there was a slight recovery in December 31, 2023, with the net profit margin improving to 11.82%.
The most recent data point, December 31, 2024, shows a net profit margin of 14.37%, signifying an increase in profitability compared to the previous year.
Overall, the trend in Colgate-Palmolive Company's net profit margin shows some volatility, with fluctuations in profitability levels over the past five years. It is important for the company to consistently monitor and manage its expenses and revenue streams to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2024