HNI Corp (HNI)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 49,300 | 42,900 | 68,200 | 111,300 | 123,900 | 115,800 | 71,900 | 59,000 | 59,819 | 74,170 | 85,658 | 80,814 | 41,900 | 66,944 | 82,334 | 85,588 | 110,505 | 95,273 | 89,102 | 91,889 |
| Revenue (ttm) | US$ in thousands | 2,434,000 | 2,323,100 | 2,210,300 | 2,268,500 | 2,361,700 | 2,395,700 | 2,383,600 | 2,272,400 | 2,184,393 | 2,136,642 | 2,057,005 | 1,963,961 | 1,948,372 | 2,000,722 | 2,119,093 | 2,225,230 | 2,233,871 | 2,221,927 | 2,205,091 | 2,222,483 |
| Net profit margin | 2.03% | 1.85% | 3.09% | 4.91% | 5.25% | 4.83% | 3.02% | 2.60% | 2.74% | 3.47% | 4.16% | 4.11% | 2.15% | 3.35% | 3.89% | 3.85% | 4.95% | 4.29% | 4.04% | 4.13% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $49,300K ÷ $2,434,000K
= 2.03%
The net profit margin of HNI Corp has shown some variability over the past few quarters. The net profit margin indicates the percentage of revenue that translates into profit after all expenses are deducted.
In the most recent quarter, the net profit margin was 2.03%, which is lower compared to the previous quarter at 1.85%. This decrease may suggest that the company's profitability decreased slightly, possibly due to higher expenses or lower revenue.
Looking further back, the net profit margin fluctuated between 3.02% to 5.25% in the last year. This range indicates some level of stability in the company's profitability, although there have been fluctuations.
Overall, while the recent decrease in net profit margin may raise some concerns, it is important to consider the trend over a longer period to get a more comprehensive understanding of the company's profitability performance.