Lindsay Corporation (LNN)
Net profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 72,379 | 65,469 | 42,572 | 38,629 | 2,172 |
| Revenue | US$ in thousands | 674,084 | 770,743 | 567,646 | 474,692 | 444,072 |
| Net profit margin | 10.74% | 8.49% | 7.50% | 8.14% | 0.49% |
August 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $72,379K ÷ $674,084K
= 10.74%
The net profit margin of Lindsay Corporation has shown a positive trend over the last five years. In 2019, the net profit margin was notably low at 0.49%, representing a significant improvement over the years. Subsequently, the net profit margin increased to 8.14% in 2020, further reaching 7.50% in 2021 and 8.49% in 2022. The most recent data, as of August 31, 2023, indicates a continued positive trajectory with the net profit margin standing at 10.74%. This upward trend suggests an improvement in the company's profitability, reflecting its ability to generate higher net income relative to its revenue. The consistent increase in the net profit margin indicates a positive financial performance, potentially indicating effective cost management and revenue growth strategies.
Peer comparison
Aug 31, 2023