Huntington Ingalls Industries Inc (HII)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 681,000 | 579,000 | 544,000 | 696,000 | 549,000 |
| Revenue | US$ in thousands | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 | 8,899,000 |
| Net profit margin | 5.95% | 5.42% | 5.71% | 7.44% | 6.17% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $681,000K ÷ $11,454,000K
= 5.95%
Huntington Ingalls Industries Inc's net profit margin has fluctuated over the past five years, as evidenced by the following percentages: 5.95% in 2023, 5.42% in 2022, 5.71% in 2021, 7.44% in 2020, and 6.17% in 2019. The net profit margin represents the company's ability to generate profit from its revenue after accounting for all expenses.
The decreasing trend from 2020 to 2022, followed by a slight increase in 2023, may indicate challenges in maintaining profitability during those years. However, the 2023 figure suggests a modest improvement compared to the previous year. It is crucial for the company to monitor its cost structure, revenue streams, and operational efficiency to potentially enhance profitability and sustain or further improve the net profit margin in the future.
Peer comparison
Dec 31, 2023