Kellanova (K)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	951,000	960,000	1,488,000	1,251,000	960,000
Revenue	US$ in thousands	13,122,000	12,653,000	14,181,000	13,770,000	13,578,000
Net profit margin		7.25%	7.59%	10.49%	9.08%	7.07%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $951,000K ÷ $13,122,000K
= 7.25%

The net profit margin of Kellanova has shown some fluctuation over the past five years. In 2023, the net profit margin was 7.25%, slightly lower than the previous year's margin of 7.59%. It is worth noting that the net profit margin was higher in 2021 at 10.49% compared to 2020 and 2019, where it stood at 9.08% and 7.07% respectively. This indicates that Kellanova was more profitable in 2021 relative to the other years. Overall, the trend in the net profit margin suggests that Kellanova's profitability has varied over the years, with some years being more profitable than others.