Corsair Gaming Inc (CRSR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,590 | -54,388 | 100,960 | 103,217 |
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Net profit margin | -0.18% | -3.96% | 5.30% | 6.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-2,590K ÷ $1,459,880K
= -0.18%
The net profit margin of Corsair Gaming Inc has fluctuated over the past five years. In 2023, the net profit margin improved to 0.22%, indicating that the company generated a profit of 0.22 cents for every dollar of revenue. This marks a significant recovery from the negative net profit margin of -4.43% in 2022, suggesting that the company improved its cost management and operational efficiency.
In comparison to previous years, the net profit margin in 2023 remains lower than the levels seen in 2021 (5.30%) and 2020 (6.06%). This indicates that Corsair Gaming Inc may still have room for further improvement in optimizing its expenses and increasing profitability.
The negative net profit margin observed in 2019 (-0.77%) reflects a period of financial challenge for the company, where expenses exceeded revenues. Overall, while Corsair Gaming Inc's net profit margin has shown variability over the years, the recent uptick in 2023 signals a positive trend towards enhanced profitability, albeit lower than some prior years. Continued monitoring and strategic management of costs will be crucial for the company to sustain and potentially improve its profitability in the future.
Peer comparison
Dec 31, 2023