Littelfuse Inc (LFUS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 259,485 | 373,306 | 283,806 | 129,986 | 139,082 |
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Net profit margin | 11.23% | 15.15% | 13.88% | 9.03% | 9.42% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $259,485K ÷ $2,310,490K
= 11.23%
The net profit margin of Littelfuse Inc has fluctuated over the past five years, ranging from 9.03% in 2020 to 15.15% in 2022. In 2023, the net profit margin decreased to 11.23%. This metric indicates that, for each dollar of revenue generated, the company retains between 9.03% and 15.15% as profit after accounting for all expenses. The decreasing trend from 2022 to 2023 suggests a potential decline in the company's profitability efficiency in managing its costs relative to its revenue. It is important for stakeholders to further investigate the factors influencing this performance to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023