Kraft Heinz Co (KHC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,855,000 | 2,363,000 | 1,012,000 | 356,000 | 1,935,000 |
| Revenue | US$ in thousands | 25,669,000 | 25,743,000 | 23,232,000 | 24,638,000 | 24,040,000 |
| Net profit margin | 11.12% | 9.18% | 4.36% | 1.44% | 8.05% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,855,000K ÷ $25,669,000K
= 11.12%
The net profit margin of Kraft Heinz Co has fluctuated over the past five years, exhibiting some variability in the company's ability to convert revenue into profit. The margin increased significantly from 2019 to 2020, indicating improved profitability. Subsequently, there was a further rise in 2021, suggesting sustained progress in profitability. However, in 2022, the margin slightly decreased from the prior year's high. Notably, the net profit margin reached its highest point in 2023, reflecting a strong performance in generating profits relative to revenue. Overall, the trend indicates a general positive trajectory in Kraft Heinz Co's profitability over the analyzed period, with some fluctuations in between.
Peer comparison
Dec 31, 2023