Henry Schein Inc (HSIC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 416,000 | 538,000 | 631,000 | 404,000 | 694,734 |
| Revenue | US$ in thousands | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 | 10,185,200 |
| Net profit margin | 3.40% | 4.27% | 5.10% | 4.01% | 6.82% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $416,000K ÷ $12,252,000K
= 3.40%
Henry Schein Inc's net profit margin has experienced fluctuations over the past five years. The trend indicates a general decline in profitability, with the net profit margin decreasing from 6.82% in 2019 to 3.40% in 2023. This suggests that the company is generating a lower percentage of profits relative to its revenue in recent years.
While the net profit margin was relatively strong at 5.10% in 2021, it decreased in the following years. The decline in net profit margin could be attributed to various factors, such as increasing costs, pricing pressure, or changes in the business environment.
Investors and stakeholders may monitor this trend closely to assess the company's ability to maintain and improve profitability in the future. A declining net profit margin could indicate potential challenges that the company is facing in generating profits from its operations. Further analysis of the company's financial performance and operational efficiency may be necessary to understand the underlying reasons for the changes in net profit margin.
Peer comparison
Dec 31, 2023