LCI Industries (LCII)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	64,195	394,974	287,739	158,440	146,509
Revenue	US$ in thousands	3,784,810	5,207,140	4,472,700	2,796,170	2,371,480
Net profit margin		1.70%	7.59%	6.43%	5.67%	6.18%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $64,195K ÷ $3,784,810K
= 1.70%

The net profit margin of LCI Industries has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 1.70% from 7.59% in 2022, indicating a significant decline in profitability. This decrease may be attributed to various factors such as changes in revenue, expenses, or one-time charges impacting the bottom line.

Comparing the current net profit margin to the historical trend, 2023's performance appears notably weaker than the average net profit margins observed in the preceding years (6.37% on average from 2019 to 2022). This declining trend suggests potential challenges in maintaining profitability or controlling costs in the most recent fiscal year.

Further analysis and investigation into the company's financial performance, operating efficiency, and competitive landscape may be necessary to better understand the factors driving the decline in net profit margin in 2023 and to assess the company's overall financial health.