Hanesbrands Inc (HBI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -320,431 | -17,726 | -131,169 | 520,968 | -75,579 |
| Revenue | US$ in thousands | 3,507,440 | 5,636,520 | 6,233,650 | 6,801,240 | 6,664,350 |
| Net profit margin | -9.14% | -0.31% | -2.10% | 7.66% | -1.13% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-320,431K ÷ $3,507,440K
= -9.14%
The net profit margin of Hanesbrands Inc has been fluctuating over the years, as per the data provided. In December 31, 2020, the net profit margin was negative at -1.13%, indicating that the company's expenses exceeded its revenue, resulting in a net loss. The profitability improved significantly in December 31, 2021, with a net profit margin of 7.66%, signaling that the company generated more profit relative to its revenue.
However, the profitability declined in the subsequent years with negative net profit margins recorded at -2.10% in December 31, 2022, -0.31% in December 31, 2023, and a significant drop to -9.14% in December 31, 2024. These negative figures suggest that the company's expenses continued to outpace its revenue, leading to overall losses during those fiscal years.
Overall, the fluctuations in Hanesbrands Inc's net profit margin indicate varying levels of profitability and operational efficiency over the years, highlighting the importance of monitoring and managing expenses to ensure sustainable profitability in the long term.