Hayward Holdings Inc (HAYW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 80,687 | 179,347 | 203,725 |
| Revenue | US$ in thousands | 917,868 | 1,256,620 | 1,337,320 |
| Net profit margin | 8.79% | 14.27% | 15.23% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $80,687K ÷ $917,868K
= 8.79%
Net profit margin indicates the percentage of revenue that translates into profit after accounting for all costs and expenses. In the case of Hayward Holdings Inc, the net profit margin has shown some fluctuation over the past three years.
In 2023, the net profit margin decreased to 8.13% from 13.65% in 2022. This decline suggests a lower proportion of revenue being converted into profit, potentially due to increased costs or a decrease in revenue relative to expenses.
Comparing the current net profit margin to that of 2021, which was 8.43%, it is slightly lower, indicating that the company may have faced challenges in maintaining profitability at the same level as the previous year.
Overall, the trend in net profit margin for Hayward Holdings Inc shows some variability, and further analysis of the company's financial performance and cost management strategies may be necessary to understand the factors influencing these changes.
Peer comparison
Dec 31, 2023