Hilton Grand Vacations Inc (HGV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 313,000 | 352,000 | 176,000 | -201,000 | 216,000 |
| Revenue | US$ in thousands | 3,978,000 | 3,835,000 | 2,335,000 | 894,000 | 1,838,000 |
| Net profit margin | 7.87% | 9.18% | 7.54% | -22.48% | 11.75% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $313,000K ÷ $3,978,000K
= 7.87%
The net profit margin of Hilton Grand Vacations Inc has fluctuated over the past five years. In 2023, the net profit margin was 7.87%, a slight decrease from 9.18% in 2022. Despite this decrease, the company still maintained a relatively healthy level of profitability. In 2021, the net profit margin was 7.54%, showing consistency in profitability.
However, in 2020, Hilton Grand Vacations Inc experienced a significant decline in profitability, with a net profit margin of -22.48%. This indicates that the company incurred losses during that period. It is essential to investigate the factors leading to such a substantial decrease in profitability in 2020.
In 2019, the net profit margin was relatively high at 11.75%, indicating strong profitability for the company during that year. Overall, Hilton Grand Vacations Inc's net profit margin has shown variability, highlighting the importance of monitoring and analyzing profitability trends to understand the company's financial performance accurately.