Colgate-Palmolive Company (CL)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 2,300,000 1,785,000 2,166,000 2,695,000 2,367,000
Revenue US$ in thousands 19,457,000 17,967,000 17,421,000 16,471,000 15,693,000
Net profit margin 11.82% 9.93% 12.43% 16.36% 15.08%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,300,000K ÷ $19,457,000K
= 11.82%

Colgate-Palmolive Co.'s net profit margin has shown some fluctuations over the past five years. In 2023, the net profit margin was 11.82%, slightly higher than the previous year's 9.93%. However, this was lower than 2021's figure of 12.43%. The net profit margin was significantly lower in 2020 at 16.36% compared to 2019's margin of 15.08%.

The decreasing trend in net profit margin from 2020 to 2023 may indicate potential challenges in controlling costs or generating sufficient revenue relative to expenses. It is essential for the company to closely monitor and manage its profitability ratios to ensure sustainable growth and long-term success.


Peer comparison

Dec 31, 2023


See also:

Colgate-Palmolive Company Net Profit Margin