CTS Corporation (CTS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,114 | 60,532 | 59,575 | -41,866 | 34,686 |
| Revenue | US$ in thousands | 515,771 | 550,422 | 586,869 | 512,925 | 424,066 |
| Net profit margin | 11.27% | 11.00% | 10.15% | -8.16% | 8.18% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $58,114K ÷ $515,771K
= 11.27%
The net profit margin of CTS Corporation has shown fluctuations over the past five years. In December 2020, the net profit margin was 8.18%, indicating that the company was able to generate a profit of 8.18 cents for every dollar of revenue. However, by December 2021, the net profit margin turned negative at -8.16%, which could be a concerning sign as the company incurred losses exceeding its revenue.
Fortunately, the trend improved significantly in the following years. By December 2022, the net profit margin rebounded to 10.15%, signaling a strong recovery and efficient cost management. This positive momentum continued into December 2023 and December 2024, with net profit margins of 11.00% and 11.27% respectively, indicating improved profitability and potentially effective strategic decisions made by the company.
Overall, the recent upward trend in net profit margins suggests that CTS Corporation has been able to enhance its profitability and operational efficiency, which could be viewed as a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2024