JBTMarel Corp (JBTM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 85,400 | 582,600 | 137,400 | 119,100 | 108,800 |
| Revenue | US$ in thousands | 1,716,000 | 1,664,400 | 1,590,300 | 1,400,800 | 1,727,800 |
| Net profit margin | 4.98% | 35.00% | 8.64% | 8.50% | 6.30% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $85,400K ÷ $1,716,000K
= 4.98%
The net profit margin of JBTMarel Corp has demonstrated notable fluctuations over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the net profit margin stood at 6.30%, indicating a relatively modest level of profitability relative to total revenue. This margin increased significantly in 2021 to 8.50%, reflecting an improvement in profitability, which continued into 2022 with a slight further increase to 8.64%.
The most pronounced change occurred between 2022 and 2023, when the net profit margin experienced a substantial surge to 35.00%. This sharp increase suggests a significant enhancement in profitability, potentially driven by factors such as increased revenues, cost efficiencies, or one-time gains. However, the margin declined considerably in 2024 to 4.98%, falling well below the peak observed in 2023 and suggesting a reduction in net profitability relative to revenue during that year.
Overall, the trend indicates a period of substantial growth in profitability in 2023 followed by a notable downturn in 2024. The variability underscores the importance of examining underlying operational factors, market conditions, or exceptional items that may have influenced these margins during the period.
Peer comparison
Dec 31, 2024