John Bean Technologies Corporation (JBT)
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 | 582,600 | 542,500 | 137,200 | 137,900 | 136,300 | 126,900 | 119,900 | 117,000 | 118,400 | 116,900 | 104,800 | 106,800 | 108,800 | 120,800 | 137,100 | 138,300 | 129,000 | 129,800 | 122,700 | 122,600 |
| Revenue (ttm) | US$ in thousands | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Net profit margin | 31.69% | 27.81% | 6.53% | 6.21% | 6.29% | 6.15% | 6.04% | 6.14% | 6.39% | 6.36% | 5.94% | 6.28% | 6.30% | 6.59% | 7.20% | 6.96% | 6.63% | 6.70% | 6.36% | 6.36% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $582,600K ÷ $1,838,500K
= 31.69%
Based on the provided data, the net profit margin of John Bean Technologies Corp has been fluctuating over the past eight quarters. In Q4 2023, the net profit margin was the highest at 35.00%, indicating that the company generated a significant proportion of profit relative to its revenues during that period. This was an improvement compared to Q3 2023, where the net profit margin was 28.66%.
However, the company experienced a significant drop in net profit margin in Q2 2023, which was only 6.08%, and a slight increase in Q1 2023 to 5.87%. These two quarters had much lower profitability levels compared to the more recent quarters.
Looking back to Q4 2022, the net profit margin was 6.03%, similar to the consecutive quarters of Q3 2022 (6.05%), Q2 2022 (6.04%), and Q1 2022 (6.09%). During this period, the net profit margin remained relatively stable, indicating consistent profitability levels maintained by the company.
Overall, the net profit margin of John Bean Technologies Corp has shown variability, with peaks and troughs observed over the analyzed quarters. It is essential for the company to focus on sustaining higher net profit margins to ensure long-term financial health and sustainability.
Peer comparison
Dec 31, 2023