Now Inc (DNOW)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 247,000 | 132,000 | 137,000 | 129,000 | 128,000 | 108,000 | 73,000 | 45,000 | 5,000 | -51,000 | -78,000 | -106,000 | -427,000 | -522,000 | -490,000 | -446,000 | -97,000 | 58,000 | 68,000 | 68,000 |
| Revenue (ttm) | US$ in thousands | 2,319,000 | 2,310,000 | 2,299,000 | 2,244,000 | 2,133,000 | 2,021,000 | 1,883,000 | 1,744,000 | 1,632,000 | 1,520,000 | 1,407,000 | 1,377,000 | 1,620,000 | 1,939,000 | 2,364,000 | 2,770,000 | 2,951,000 | 3,076,000 | 3,147,000 | 3,148,000 |
| Net profit margin | 10.65% | 5.71% | 5.96% | 5.75% | 6.00% | 5.34% | 3.88% | 2.58% | 0.31% | -3.36% | -5.54% | -7.70% | -26.36% | -26.92% | -20.73% | -16.10% | -3.29% | 1.89% | 2.16% | 2.16% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $247,000K ÷ $2,319,000K
= 10.65%
The net profit margin of NOW Inc has shown variability over the past several quarters. In Q4 2023, the net profit margin was 10.64%, indicating that the company generated a net profit of 10.64 cents for every dollar of revenue. This represents a significant improvement compared to the previous quarter, where the net profit margin was 5.66%.
The trend in net profit margin for NOW Inc has generally been positive over the past year, with increases from Q1 2022 to Q4 2023. This shows that the company has been able to improve its profitability over time. However, it is important to note that the net profit margin also fluctuated within the same year, with some quarters showing slight decreases compared to the previous quarter.
Overall, the upward trend in net profit margin for NOW Inc indicates that the company has been effectively managing its costs and expenses relative to its revenue, leading to improved profitability. Continued monitoring of this metric will be important to ensure sustained financial performance.
Peer comparison
Dec 31, 2023