John B Sanfilippo & Son Inc (JBSS)
Profitability ratios
Return on sales
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Gross profit margin | 18.38% | 20.07% | 21.17% | 20.88% | 21.55% |
| Operating profit margin | 7.65% | 7.99% | 9.03% | 6.59% | 7.33% |
| Pretax margin | 7.03% | 7.49% | 8.54% | 8.55% | 9.30% |
| Net profit margin | 5.32% | 5.65% | 6.29% | 6.46% | 6.96% |
The profitability ratios of John B Sanfilippo & Son Inc over the fiscal years ending June 30, 2021, to June 30, 2025, reflect several notable trends.
The gross profit margin, which measures the company's efficiency in managing production costs relative to revenue, has exhibited a general decline. It began at 21.55% in 2021, decreased slightly to 20.88% in 2022, and experienced a modest recovery to 21.17% in 2023. However, it subsequently declined to 20.07% in 2024 and further to 18.38% in 2025, indicating a diminishing ability to retain revenue after production expenses.
The operating profit margin, which considers operating expenses alongside gross profit, shows more fluctuation. It was 7.33% in 2021, dipped to 6.59% in 2022, then increased notably to 9.03% in 2023. Following this peak, it declined to 7.99% in 2024 and stabilized at 7.65% in 2025. The data suggests periods of operational improvement followed by a decline, with a relatively stable margin in the most recent year.
Pre-tax profit margins followed a similar pattern to operating margins, starting at 9.30% in 2021, decreasing slightly to 8.55% in 2022, maintaining a near-identical 8.54% in 2023, before decreasing to 7.49% in 2024 and further to 7.03% in 2025. The decline in pre-tax margins indicates increased costs or reduced profitability before income taxes.
The net profit margin, which reflects the company's overall profitability after all expenses, including taxes, also exhibits a downward trend. It was 6.96% in 2021, slightly declining to 6.46% in 2022, and continuing with a marginal decrease to 6.29% in 2023. The margin then declined more notably to 5.65% in 2024 and further to 5.32% in 2025, suggesting that the company's bottom-line profitability has been gradually deteriorating over this period.
Overall, the analysis indicates that John B Sanfilippo & Son Inc has experienced a gradual erosion in its profitability ratios across key metrics over the approximately four-year span. While there were periods of improvement, particularly in 2023, the trend in recent years points to increasing challenges in maintaining margins, reflecting potential pressures from cost management, competitive dynamics, or other operational factors affecting overall profitability.
Return on investment
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 14.18% | 16.52% | 21.21% | 14.08% | 15.80% |
| Return on assets (ROA) | 9.86% | 11.69% | 14.78% | 13.81% | 14.99% |
| Return on total capital | 0.00% | 25.57% | 29.95% | 29.15% | 33.51% |
| Return on equity (ROE) | 16.34% | 18.68% | 21.51% | 22.16% | 24.64% |
The profitability ratios of John B Sanfilippo & Son Inc. over the period from June 2021 to June 2025 reveal varying trends in the company's efficiency and ability to generate earnings relative to its assets, capital, and equity.
The Operating Return on Assets (Operating ROA) demonstrates an initial decrease from 15.80% in June 2021 to 14.08% in June 2022, followed by a significant increase to 21.21% in June 2023. Subsequently, it declines to 16.52% in June 2024 and further to 14.18% in June 2025. This fluctuation indicates periods of operational improvement, peaking notably in 2023, which could be attributed to higher operational efficiency or favorable market conditions, before experiencing a decline in subsequent years.
The Return on Assets (ROA) follows a similar pattern but maintains a generally downward trend after 2021. It decreases from 14.99% in June 2021 to 13.81% in June 2022, slightly rises to 14.78% in June 2023, and then declines more markedly to 11.69% in June 2024, finally reaching 9.86% in June 2025. The declining ROA suggests diminishing overall asset efficiency in generating net income over this period, possibly impacted by increased asset base or rising expenses.
The Return on Total Capital indicates a consistent decline from 33.51% in 2021 to 29.15% in 2022 and marginally higher at 29.95% in 2023. However, a substantial decrease occurs in 2024 to 25.57%, culminating in a recorded value of 0.00% in 2025. The zero value in 2025 may reflect extraordinary circumstances such as capital restructuring or data limitations, signaling a potential issue in capital deployment efficiency or reporting anomalies.
The Return on Equity (ROE) reflects a steady downward trajectory, decreasing from 24.64% in June 2021 to 22.16% in June 2022, then slightly to 21.51% in June 2023, before declining further to 18.68% in June 2024 and 16.34% in June 2025. This trend indicates a gradual reduction in the company's profitability attributable to shareholders' invested capital, potentially due to decreasing net income margins or dilution from increased equity.
Overall, the company's profitability ratios suggest a period of operational and financial performance moderation following a peak in 2023. The declining ROA and ROE highlight challenges in maintaining previous levels of efficiency in asset utilization and shareholder returns, while the fluctuations in Operating ROA point to variable operational performance during the reviewed period.