Insteel Industries Inc (IIIN)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 32,415 | 125,011 | 66,610 | 19,009 | 5,598 |
| Revenue | US$ in thousands | 649,188 | 826,832 | 590,601 | 472,618 | 455,713 |
| Net profit margin | 4.99% | 15.12% | 11.28% | 4.02% | 1.23% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $32,415K ÷ $649,188K
= 4.99%
The net profit margin of Insteel Industries, Inc. has varied significantly over the past five years. In 2023, the net profit margin decreased to 4.99% from 15.12% in 2022. This decline may be a cause for concern and warrants further investigation into the factors influencing the company's profitability. However, it's important to note that the net profit margin in 2023 is still higher than in 2020 and 2019, indicating a long-term positive trend in profitability. Further analysis is necessary to understand the specific reasons behind the changes in net profit margin and to assess the company's overall financial performance.
Peer comparison
Sep 30, 2023