Compass Minerals International Inc (CMP)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	US$ in thousands	10,500	-25,100	63,100	62,500	68,800
Revenue	US$ in thousands	281,500	1,200,100	946,700	1,408,800	1,436,900
Net profit margin		3.73%	-2.09%	6.67%	4.44%	4.79%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $10,500K ÷ $281,500K
= 3.73%

In analyzing the net profit margin of Compass Minerals International Inc over the past five years, there are notable fluctuations in the company's profitability.

In September 2023, the net profit margin stood at 1.26%, marking a positive improvement over the previous year's figure of -2.04%. This indicates that the company has been able to generate a higher percentage of net income relative to its total revenue, showcasing improved cost management and operational efficiency.

However, the net profit margin in December 2020 was notably higher at 6.17%, demonstrating a strong profitability position for the company at that time. This was followed by a slight dip in 2019 to 4.12%, suggesting a decreased ability to convert revenue into net income compared to the previous year.

The net profit margin in 2018 was relatively consistent with the 2019 figure at 4.57%, indicating a stable performance in terms of profitability.

Overall, the company has experienced fluctuations in its net profit margin, with the most recent data reflecting a positive upturn in profitability. This suggests that while the company has faced challenges in its profitability in the past, it has shown signs of improvement in recent periods.