Core & Main Inc (CNM)
Net profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 371,000 | 366,000 | 166,000 |
| Revenue | US$ in thousands | 6,621,000 | 6,585,000 | 4,906,000 |
| Net profit margin | 5.60% | 5.56% | 3.38% |
January 28, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $371,000K ÷ $6,621,000K
= 5.60%
Net profit margin is a key financial ratio that reflects the percentage of each dollar of revenue that translates into profit after all expenses are accounted for. In the case of Core & Main Inc, the trend in net profit margin over the past three years shows consistency and improvement.
On Jan 28, 2024, Core & Main Inc achieved a net profit margin of 5.60%, which indicates that the company retained 5.60 cents of profit from each dollar of revenue generated. This demonstrates a slightly higher profitability compared to the previous year, when the net profit margin was 5.56% on Jan 29, 2023.
Furthermore, the net profit margin has shown a significant improvement when compared to Jan 30, 2022, where it stood at 3.38%. This increase in profitability over the three-year period reflects positively on Core & Main Inc's ability to manage costs and generate higher profits relative to its revenue.
Overall, the consistent and upward trend in net profit margin for Core & Main Inc suggests effective cost management strategies and operational efficiency, which bodes well for the company's financial performance and sustainability in the long run.