Core & Main Inc (CNM)
Net profit margin
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 371,000 | 362,000 | 361,000 | 366,000 | 366,000 | 340,000 | 293,000 | 205,000 |
| Revenue (ttm) | US$ in thousands | 6,621,000 | 6,557,000 | 6,552,000 | 6,557,000 | 6,585,000 | 6,464,800 | 6,054,600 | 5,471,600 |
| Net profit margin | 5.60% | 5.52% | 5.51% | 5.58% | 5.56% | 5.26% | 4.84% | 3.75% |
January 28, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $371,000K ÷ $6,621,000K
= 5.60%
Core & Main Inc's net profit margin has shown a relatively stable trend over the past eight quarters. The net profit margin indicates the proportion of revenue left as profit after all expenses have been deducted.
The company's net profit margin has been consistently above 5% over the last two years, reflecting the company's ability to efficiently control costs and generate profits from its operations.
There was a noticeable increase in the net profit margin from May 2022 to January 2023, reaching a peak of 5.60%. Subsequently, the margin fluctuated slightly around the 5.5% level in the following quarters, indicating a degree of stability in the company's profitability.
The dip in net profit margin in May 2022 may signal a period of increased expenses or lower revenue compared to the preceding quarters. However, the subsequent improvement in profitability suggests that the company may have adjusted its operations to enhance efficiency and profitability.
Overall, Core & Main Inc's net profit margin performance indicates a consistent and reasonable level of profitability in its operations, signaling sound financial management and operational efficiency.