HNI Corp (HNI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,500 | 49,200 | 123,900 | 59,800 | 41,900 |
| Revenue | US$ in thousands | 2,526,400 | 2,434,000 | 2,361,800 | 2,184,400 | 1,948,370 |
| Net profit margin | 5.52% | 2.02% | 5.25% | 2.74% | 2.15% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $139,500K ÷ $2,526,400K
= 5.52%
HNI Corp's net profit margin has experienced fluctuations in recent years. The margin increased from 2.15% in December 31, 2020, to 5.25% in December 31, 2022, representing a significant improvement in profitability. However, the margin declined to 2.02% in December 31, 2023, before surging to 5.52% by December 31, 2024.
This pattern indicates variability in the company's ability to generate profits relative to its revenue over the specified period. The fluctuations suggest potential shifts in operational efficiency, cost control, or revenue generation strategies within HNI Corp. It would be important for stakeholders to further investigate the reasons behind these fluctuations to assess the company's financial performance and sustainability.