Crocs Inc (CROX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 792,566 | 540,159 | 725,694 | 312,861 | 119,497 |
| Revenue | US$ in thousands | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 | 1,219,870 |
| Net profit margin | 20.86% | 15.79% | 31.67% | 22.74% | 9.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $792,566K ÷ $3,799,360K
= 20.86%
The net profit margin of Crocs Inc has shown some fluctuations over the past five years. In 2019, the company had a net profit margin of 9.71%, which increased to 22.57% in 2020, representing a significant improvement. However, in 2021, the net profit margin spiked to 31.37%, marking a substantial increase compared to the previous year. The margin then declined to 15.19% in 2022, before rising again to 20.00% in 2023.
Overall, Crocs Inc's net profit margin has displayed variability, reflecting fluctuations in its profitability relative to its revenue over the years. The company may need to further analyze the factors influencing these fluctuations to ensure sustainable and consistent profitability in the future.
Peer comparison
Dec 31, 2023