Corsair Gaming Inc (CRSR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -85,181 | -2,590 | -53,946 | 100,960 | 103,217 |
| Revenue | US$ in thousands | 1,316,380 | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Net profit margin | -6.47% | -0.18% | -3.92% | 5.30% | 6.06% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-85,181K ÷ $1,316,380K
= -6.47%
Net profit margin is a key financial metric that indicates a company's profitability by measuring the percentage of revenue that translates into net income. Analyzing Corsair Gaming Inc's net profit margin over the past few years reveals fluctuations in its profitability:
- As of December 31, 2020, Corsair Gaming Inc had a net profit margin of 6.06%, indicating that the company was able to retain $0.0606 of profit for every $1 of revenue generated.
- By December 31, 2021, the net profit margin decreased to 5.30%, showing a slight decline in profitability.
- The trend took a negative turn by December 31, 2022, with a net profit margin of -3.92%, signifying that the company experienced a loss rather than profit during this period.
- This downward trend continued into December 31, 2023, where the net profit margin further deteriorated to -0.18%, indicating continued losses albeit at a reduced rate.
- The situation worsened by December 31, 2024, with a net profit margin of -6.47%, showing a significant decline in profitability over the years.
The decreasing trend in Corsair Gaming Inc's net profit margin raises concerns about the company's ability to generate sustainable profits and control expenses effectively. It is crucial for the company to address the underlying issues impacting its profitability to ensure long-term financial health and stability.
Peer comparison
Dec 31, 2024