Insteel Industries Inc (IIIN)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 22,424 | 32,415 | 51,095 | 79,089 | 113,005 | 125,011 | 125,857 | 105,693 | 81,596 | 66,610 | 48,884 | 37,153 | 26,597 | 19,009 | 9,816 | 5,342 | 2,027 | 5,598 | 16,773 | 27,451 |
| Revenue (ttm) | US$ in thousands | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 | 454,662 | 464,253 | 464,751 |
| Net profit margin | 3.73% | 4.99% | 7.27% | 10.35% | 13.81% | 15.13% | 15.93% | 14.60% | 12.56% | 11.28% | 8.78% | 7.18% | 5.39% | 4.03% | 2.20% | 1.19% | 0.45% | 1.23% | 3.61% | 5.91% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $22,424K ÷ $600,711K
= 3.73%
Insteel Industries Inc's net profit margin has fluctuated over the past five years, indicating varying levels of profitability. The trend shows a gradual decline in net profit margin from 15.93% in June 2022 to 3.73% in December 2023. Despite the fluctuations, the company has generally maintained positive net profit margins, with the highest margin recorded in December 2018 at 15.13%.
Overall, Insteel Industries Inc's net profit margin has shown a downward trend in recent periods, raising potential concerns about the company's cost management and revenue generation strategies. It is important for the company to closely monitor its profitability ratios and closely manage its expenses to sustain and improve its financial performance in the future.
Peer comparison
Dec 31, 2023