National Vision Holdings Inc (EYE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -65,901 | 42,122 | 128,244 | 36,277 | 32,798 |
| Revenue | US$ in thousands | 2,127,880 | 2,006,690 | 2,080,160 | 1,662,480 | 1,678,310 |
| Net profit margin | -3.10% | 2.10% | 6.17% | 2.18% | 1.95% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-65,901K ÷ $2,127,880K
= -3.10%
National Vision Holdings Inc's net profit margin has exhibited fluctuations over the past five years. The net profit margin was negative at -3.10% in 2023, indicating that the company incurred a net loss relative to its revenue during that year. This contrasts with the positive net profit margins in the three preceding years, which were 2.10%, 6.17%, and 2.18% for 2022, 2021, and 2020, respectively. The margin peaked at 6.17% in 2021, reflecting a strong ability to convert revenue into profit during that period. This suggests a potential deterioration in the company's profitability in 2023 compared to the previous years. Therefore, further analysis of the factors contributing to the negative net profit margin in 2023 would be necessary for a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023