International Business Machines (IBM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,502,000 | 1,639,000 | 5,743,000 | 5,590,000 | 9,431,000 |
| Revenue | US$ in thousands | 61,860,000 | 60,530,000 | 57,350,000 | 55,179,000 | 57,714,000 |
| Net profit margin | 12.13% | 2.71% | 10.01% | 10.13% | 16.34% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $7,502,000K ÷ $61,860,000K
= 12.13%
The net profit margin of International Business Machines Corp. has shown fluctuating trends over the past five years. In 2023, the net profit margin improved significantly to 12.13%, marking a substantial increase from the previous year's figure of 2.71%. This suggests a substantial enhancement in the company's ability to generate profits from its revenue in 2023.
Comparing the current margin to earlier years, it is noteworthy that the net profit margin in 2023 surpassed the figures from 2021 (10.01%) and 2020 (7.59%), indicating a strong performance in profitability. However, it is worth mentioning that the margin in 2023 was slightly lower than the net profit margin in 2019 (12.23%).
Overall, the recent improvement in the net profit margin of International Business Machines Corp. demonstrates a positive trend in the company's profitability, potentially reflecting effective cost management and revenue generation strategies implemented in the most recent fiscal year.
Peer comparison
Dec 31, 2023