John Bean Technologies Corporation (JBT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 582,600 | 137,400 | 118,400 | 108,800 | 129,000 |
| Revenue | US$ in thousands | 1,704,500 | 2,166,000 | 1,868,300 | 1,727,800 | 1,945,700 |
| Net profit margin | 34.18% | 6.34% | 6.34% | 6.30% | 6.63% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $582,600K ÷ $1,704,500K
= 34.18%
The net profit margin of John Bean Technologies Corp has displayed significant fluctuation over the past five years. The company experienced a notable increase in net profit margin from 6.03% in 2019 to a high of 35.00% in 2023, indicating a substantial improvement in profitability. However, this sharp increase may raise questions about the sustainability of such a high margin.
In the years following 2023, the net profit margin was relatively stable, ranging between 6.30% and 6.63%. While these margins are consistent, they are substantially lower compared to the exceptional performance seen in 2023. It is essential for stakeholders to closely monitor the company's future financial performance to assess whether the heightened profitability in 2023 was a one-time occurrence or part of a sustained trend.
Overall, the fluctuating net profit margin of John Bean Technologies Corp highlights the importance of evaluating both short-term spikes and long-term trends to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023