Insteel Industries Inc (IIIN)
Net profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 19,305 | 20,262 | 24,262 | 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 |
| Revenue (ttm) | US$ in thousands | 529,219 | 549,135 | 569,054 | 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 |
| Net profit margin | 3.65% | 3.69% | 4.26% | 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% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $19,305K ÷ $529,219K
= 3.65%
The net profit margin of Insteel Industries Inc has shown fluctuations over the past few quarters. From December 2019 to September 2020, the net profit margin ranged from 0.45% to 4.03%. However, there was a significant increase in the net profit margin from March 2020 to March 2021, reaching a high of 7.18% and then further increasing to 10.35% in the following quarter.
Subsequently, there was a gradual decline in the net profit margin from March 2021 to September 2022, reaching a low of 2.20% before bouncing back to 15.93% in the following quarter. This high level was sustained for a few quarters but saw a slight decrease in the most recent quarter to 3.65%.
Overall, while there have been fluctuations in the net profit margin of Insteel Industries Inc, the company has managed to maintain a reasonable level of profitability over the analyzed periods. It is important for stakeholders to monitor the trend in the net profit margin to assess the company's financial performance and sustainability in the long term.
Peer comparison
Sep 30, 2024