Insteel Industries Inc (IIIN)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 19,305 | 32,415 | 125,011 | 66,610 | 19,009 |
| Revenue | US$ in thousands | 529,198 | 649,188 | 826,832 | 590,601 | 472,618 |
| Net profit margin | 3.65% | 4.99% | 15.12% | 11.28% | 4.02% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $19,305K ÷ $529,198K
= 3.65%
The net profit margin of Insteel Industries Inc has shown fluctuations over the past five years. In 2024, the net profit margin decreased to 3.65% from 4.99% in 2023, indicating a decline in profitability. This downward trend follows a significant drop from 15.12% in 2022 to 11.28% in 2021, suggesting a period of reduced profitability. However, the net profit margin has shown improvement compared to the 4.02% recorded in 2020.
Overall, the varying net profit margin figures suggest that Insteel Industries Inc has experienced fluctuations in its profitability over the past five years, indicating the need for further analysis to understand the underlying factors driving these changes.
Peer comparison
Sep 30, 2024