IAC Inc. (IAC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 265,942 | -1,170,170 | 597,547 | 269,726 |
| Revenue | US$ in thousands | 4,365,240 | 5,235,280 | 3,699,630 | 2,764,540 |
| Net profit margin | 6.09% | -22.35% | 16.15% | 9.76% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $265,942K ÷ $4,365,240K
= 6.09%
IAC Inc.'s net profit margin has shown variability over the past four years. In 2023, the company reported a net profit margin of 6.09%, reflecting the percentage of revenue that translates into profit after all expenses are deducted. This indicates that the company generated a reasonable level of profit relative to its revenue in 2023.
In the prior year, 2022, IAC Inc. experienced a significantly negative net profit margin of -22.35%, suggesting that the company incurred more expenses than the revenue it generated during that period. This negative figure could be a result of one-time charges or unusual expenses that impacted the Company's profitability.
In contrast, the net profit margin of 16.15% in 2021 indicates that IAC Inc. was able to convert a higher proportion of its revenue into profit, demonstrating strong operational efficiency and effective cost management during that year.
In 2020, the company's net profit margin stood at 9.76%, showing a solid performance in profitability, although slightly lower than the margin achieved in 2021.
Overall, fluctuations in IAC Inc.'s net profit margin over the years suggest varying levels of profitability and operational efficiency, highlighting the importance of consistent monitoring and management of expenses to ensure sustained profitability.
Peer comparison
Dec 31, 2023