Godaddy Inc (GDDY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,374,800 | 352,200 | 242,300 | -495,100 | 137,000 |
| Revenue | US$ in thousands | 4,111,400 | 3,961,000 | 3,694,000 | 3,228,400 | 2,884,200 |
| Net profit margin | 33.44% | 8.89% | 6.56% | -15.34% | 4.75% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,374,800K ÷ $4,111,400K
= 33.44%
The net profit margin of Godaddy Inc has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin increased from 4.58% in 2019 to 32.32% in 2023. This significant improvement suggests that the company has been able to effectively control its costs and generate higher profits relative to its revenue. In 2020, the company experienced a negative net profit margin of -14.93%, which may have been due to exceptional circumstances or one-time events impacting profitability. Overall, the increasing trend in net profit margin demonstrates Godaddy Inc's ability to efficiently convert its revenue into profits over the years.
Peer comparison
Dec 31, 2023