LyondellBasell Industries NV (LYB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,121,000 | 3,889,000 | 5,617,000 | 1,427,000 | 3,397,000 |
| Revenue | US$ in thousands | 41,107,000 | 50,451,000 | 46,173,000 | 27,753,000 | 34,727,000 |
| Net profit margin | 5.16% | 7.71% | 12.17% | 5.14% | 9.78% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,121,000K ÷ $41,107,000K
= 5.16%
The net profit margin of LyondellBasell Industries NV has displayed varying trends over the past five years. In 2023, the net profit margin stood at 5.14%, a decrease from the previous year's figure of 7.68%. This decline indicates a potential decrease in profitability relative to the company's total revenue for the year.
Comparing the data further, 2023's net profit margin of 5.14% also falls below the 2021 figure of 12.13%, indicating a significant decline in profitability over this two-year period. Similarly, it is lower than the 2019 net profit margin of 9.74%.
Overall, the fluctuating trend in net profit margin suggests potential challenges or shifts in the company's cost structure, revenue generation, or efficiency in managing expenses over the analyzed five-year period. Investors and stakeholders may consider further investigation into the factors contributing to these changes to assess the company's financial performance and future prospects.
Peer comparison
Dec 31, 2023