Ichor Holdings Ltd (ICHR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20,820 | -42,985 | 72,804 | 70,899 | 33,279 |
| Revenue | US$ in thousands | 849,040 | 811,120 | 1,280,070 | 1,096,920 | 914,236 |
| Net profit margin | -2.45% | -5.30% | 5.69% | 6.46% | 3.64% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-20,820K ÷ $849,040K
= -2.45%
Ichor Holdings Ltd's net profit margin has shown fluctuations over the past few years. It increased from 3.64% as of December 31, 2020, to 6.46% as of December 31, 2021, indicating an improvement in profitability. However, the net profit margin declined to 5.69% by December 31, 2022.
The most concerning trend is observed in the subsequent years, where the net profit margin turned negative. As of December 31, 2023, the net profit margin stood at -5.30%, deteriorating further to -2.45% by December 31, 2024. This negative trend implies that Ichor Holdings Ltd experienced losses in relation to its revenues during these periods.
It is crucial for Ichor Holdings Ltd to closely monitor its cost structure, pricing strategies, and overall efficiency to reverse the declining trend in net profit margin and strive towards sustainable profitability in the future.
Peer comparison
Dec 31, 2024