CNH Industrial N.V. (CNH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,371,000 | 2,029,000 | 1,723,000 | -493,000 | 1,422,000 |
| Revenue | US$ in thousands | 24,687,000 | 23,551,000 | 33,428,000 | 14,779,000 | 28,079,000 |
| Net profit margin | 9.60% | 8.62% | 5.15% | -3.34% | 5.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,371,000K ÷ $24,687,000K
= 9.60%
The net profit margin of CNH Industrial N.V. has shown a fluctuating trend over the past five years. In 2023, the net profit margin improved to 9.60%, which indicates that the company generated $0.096 in profit for every $1 of revenue. This increase in profitability compared to the previous year suggests effective cost management or increased revenue generation.
In 2022, the net profit margin was 8.62%, showing a slight improvement from 2021 when it was 5.15%. The significant increase in profitability from 2021 to 2022 could be attributed to various factors such as operational efficiencies or strategic business decisions that positively impacted the company's bottom line.
In 2020, the net profit margin was negative (-3.34%), implying that the company incurred losses during that period. This could be due to exceptional circumstances, such as economic downturns or one-time charges, impacting the company's financial performance negatively.
In 2019, the net profit margin was 5.06%, indicating a healthy profitability level. However, it was lower than the margin achieved in 2023, suggesting that the company made improvements in its operations and financial management over the years.
Overall, the fluctuation in CNH Industrial N.V.'s net profit margin over the past five years highlights the company's ability to adapt to changing market conditions, manage costs effectively, and drive revenue growth.
Peer comparison
Dec 31, 2023