Ford Motor Company (F)

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	4,347,000	6,162,000	4,136,000	2,886,000	-1,981,000	9,012,000	11,671,000	11,565,000	17,937,000	1,845,000	2,398,000	2,954,000	-2,301,000	-927,000	-2,887,000	-3,856,000	-717,000	1,702,000	2,268,000	3,186,000
Revenue (ttm)	US$ in thousands	176,452,000	173,326,000	169,237,000	164,758,000	158,057,000	151,736,000	148,027,000	134,589,000	136,341,000	134,615,000	136,433,000	129,052,000	127,144,000	130,907,000	130,396,000	149,878,000	155,900,000	157,978,000	158,654,000	158,721,000
Net profit margin		2.46%	3.56%	2.44%	1.75%	-1.25%	5.94%	7.88%	8.59%	13.16%	1.37%	1.76%	2.29%	-1.81%	-0.71%	-2.21%	-2.57%	-0.46%	1.08%	1.43%	2.01%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,347,000K ÷ $176,452,000K
= 2.46%

The net profit margin for Ford Motor Co. has exhibited some fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 2.47%, a decrease from the previous quarter's 3.54%. This downward trend in profitability may raise concerns about the company's operational efficiency and cost management during that period.

Comparing Q4 2023 to the same quarter in the previous year, there has been significant improvement, as the net profit margin was previously negative at -1.25%. This improvement suggests that Ford Motor Co. has made significant progress in managing costs and increasing profitability year-over-year.

Looking at the broader trend, the net profit margin has shown some volatility over the past year, with peaks in Q2 and Q3 2022 at 7.88% and 8.59%, respectively. However, the margins have declined in recent quarters, which may be indicative of various internal or external factors impacting the company's profitability.

Overall, while there have been fluctuations in the net profit margin for Ford Motor Co., it is essential for stakeholders to closely monitor future financial performance to assess the company's ability to maintain or improve profitability levels.