Flex Ltd (FLEX)
Net profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 945,000 | 959,000 | 1,006,000 | 753,000 | 786,000 | 790,000 | 793,000 | 819,000 | 816,000 | 920,000 | 937,000 | 1,009,000 | 990,000 | 767,000 | 612,820 | 421,500 | 324,888 | 94,948 | 88,000 | -25,431 |
| Revenue (ttm) | US$ in thousands | 26,095,000 | 26,986,000 | 27,967,000 | 29,217,000 | 29,857,000 | 30,143,000 | 30,146,000 | 29,578,000 | 28,452,000 | 26,922,000 | 25,927,000 | 25,342,000 | 25,444,000 | 25,204,000 | 24,050,230 | 23,268,720 | 23,049,280 | 23,150,040 | 24,173,530 | 24,915,160 |
| Net profit margin | 3.62% | 3.55% | 3.60% | 2.58% | 2.63% | 2.62% | 2.63% | 2.77% | 2.87% | 3.42% | 3.61% | 3.98% | 3.89% | 3.04% | 2.55% | 1.81% | 1.41% | 0.41% | 0.36% | -0.10% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $945,000K ÷ $26,095,000K
= 3.62%
Flex Ltd's net profit margin has shown some fluctuations over the past few years. The company's net profit margin ranged from -0.10% in Dec 2019 to a peak of 3.62% in Sep 2024. The trend in the net profit margin has generally been positive since Dec 2019, with some quarterly variations. Overall, the company has demonstrated an ability to generate profits relative to its revenues, with the net profit margin averaging around 2-3% in recent quarters. It would be important for Flex Ltd to continue monitoring and managing its expenses and operational efficiency to maintain and improve its net profit margin over time.
Peer comparison
Sep 30, 2024