Fresh Del Monte Produce Inc (FDP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 142,200 | -11,400 | 98,600 | 80,000 | 49,200 |
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Net profit margin | 3.32% | -0.26% | 2.22% | 1.88% | 1.17% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $142,200K ÷ $4,280,200K
= 3.32%
Fresh Del Monte Produce Inc's net profit margin has shown some fluctuations over the years. In December 31, 2020, the net profit margin stood at 1.17%, indicating that the company retained approximately 1.17% of its total revenue as profit. Over the following years, there was an upward trend in the net profit margin, reaching 1.88% in December 31, 2021, and further improving to 2.22% in December 31, 2022. This suggests that the company was able to effectively manage its expenses and generate more profit relative to its revenue during those periods.
However, there was a significant decline in the net profit margin in December 31, 2023, dropping to -0.26%, indicating that the company incurred a net loss, possibly due to various factors such as higher expenses or lower revenues. It's essential for investors and stakeholders to investigate the reasons behind this negative trend to determine the root cause of the loss.
In December 31, 2024, there was a notable recovery in the net profit margin, reaching 3.32%, showing a significant improvement compared to the previous year. This suggests that Fresh Del Monte Produce Inc implemented strategies to enhance profitability, which resulted in a higher net profit margin.
Overall, the net profit margin of Fresh Del Monte Produce Inc has displayed variability over the years, highlighting the importance of monitoring financial performance consistently to assess the company's efficiency in generating profits relative to its revenue.
Peer comparison
Dec 31, 2024