Grocery Outlet Holding Corp (GO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 79,437 | 65,052 | 62,310 | 106,713 | 15,419 |
| Revenue | US$ in thousands | 3,943,260 | 3,558,750 | 3,066,320 | 3,116,180 | 2,508,820 |
| Net profit margin | 2.01% | 1.83% | 2.03% | 3.42% | 0.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $79,437K ÷ $3,943,260K
= 2.01%
The net profit margin of Grocery Outlet Holding Corp has shown fluctuations over the past five years. In 2019, the company's net profit margin was at a low of 0.61%, indicating that for every dollar of revenue, only 0.61 cents were converted to profit.
However, there was a notable improvement in 2020 with the net profit margin rising significantly to 3.42%, suggesting that the company became more efficient in converting revenue to profit during that period.
Subsequently, in 2021, the net profit margin slightly decreased to 2.03% before increasing again to 1.83% in 2022. This indicates some volatility or challenges in maintaining profitability levels during those years.
In the most recent period of 2023, the net profit margin of Grocery Outlet Holding Corp stood at 2.01%. While this represents an improvement from the previous year, it is lower than the peak seen in 2020.
Overall, the trend in the net profit margin of Grocery Outlet Holding Corp has been mixed, with fluctuations indicating the company's varying ability to manage costs and generate profits relative to its revenue over the past five years.
Peer comparison
Dec 31, 2023