Light & Wonder Inc (LNW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 163,000 | 3,675,000 | 371,000 | -569,000 | -130,000 |
| Revenue | US$ in thousands | 2,549,000 | 2,038,000 | 2,049,000 | 2,286,000 | 3,579,000 |
| Net profit margin | 6.39% | 180.32% | 18.11% | -24.89% | -3.63% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $163,000K ÷ $2,549,000K
= 6.39%
The net profit margin of Light & Wonder Inc has fluctuated significantly over the past five years. In 2023, the company's net profit margin was 5.62%, indicating that for every dollar of revenue generated, the company retained approximately $0.0562 as profit. This is a considerable decrease compared to 2022 when the net profit margin was unusually high at 146.30%.
In 2021, the net profit margin was 17.23%, reflecting a healthy profitability level. However, in 2020, the company experienced a negative net profit margin of -20.89%, which suggests that expenses exceeded revenues during that period. The lowest point in the past five years was in 2019 with a net profit margin of -3.82%.
Overall, the fluctuations in Light & Wonder Inc's net profit margin indicate varying levels of efficiency in managing costs and generating profits over the years. It is essential for the company to focus on stabilizing and improving its net profit margin to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023