Littelfuse Inc (LFUS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 100,190 | 259,485 | 373,306 | 283,806 | 129,986 |
| Revenue | US$ in thousands | 2,190,770 | 2,362,660 | 2,513,900 | 2,079,930 | 1,445,700 |
| Net profit margin | 4.57% | 10.98% | 14.85% | 13.64% | 8.99% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $100,190K ÷ $2,190,770K
= 4.57%
Littelfuse Inc's net profit margin has displayed fluctuations over the years, as shown in the data provided. The net profit margin increased from 8.99% in 2020 to 14.85% in 2022, indicating an improvement in the company's profitability during this period. However, there was a decline in the net profit margin to 4.57% in 2024.
The increasing trend from 2020 to 2022 suggests that Littelfuse Inc was able to effectively control its expenses and increase its bottom-line profitability. However, the significant decrease in the net profit margin in 2024 could be a cause for concern, as it may indicate challenges in maintaining profitability levels.
It is essential for the company to carefully evaluate the factors contributing to these fluctuations in the net profit margin to ensure sustainable and consistent profitability in the future. Further analysis of expenses, revenues, and operational efficiency would be beneficial in understanding the drivers behind these changes and implementing strategies to address any underlying issues.
Peer comparison
Dec 31, 2024