Masco Corporation (MAS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 908,000 | 844,000 | 410,000 | 1,224,000 | 935,000 |
| Revenue | US$ in thousands | 7,861,000 | 8,568,000 | 7,915,000 | 7,636,000 | 6,846,000 |
| Net profit margin | 11.55% | 9.85% | 5.18% | 16.03% | 13.66% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $908,000K ÷ $7,861,000K
= 11.55%
Masco Corp.'s net profit margin has displayed fluctuating trends over the past five years. In 2023, the net profit margin increased to 11.40%, indicating that the company retained 11.40% of its total revenue as profit after accounting for all expenses. This improvement from the previous year's 9.70% suggests that Masco Corp. became more efficient in managing its costs and expenses to generate higher profits.
Comparing 2023 to 2021, Masco Corp. experienced a significant growth in net profit margin, from 4.85% to 11.40%. This substantial increase indicates that the company implemented strategies to enhance profitability, possibly by streamlining operations or increasing sales revenues while managing costs effectively.
However, the net profit margin in 2020 was notably higher at 16.90%, indicating that Masco Corp. was more profitable in that year compared to 2023. The decrease in net profit margin from 2020 to 2023 suggests that the company may have faced challenges such as cost escalations or lower sales volumes that impacted profitability.
In comparison to 2019, the net profit margin in 2023 was slightly higher at 11.40% versus 13.85% respectively. This decline over the years indicates that Masco Corp. may have faced obstacles in maintaining or improving profitability, necessitating further analysis to identify the underlying factors affecting the company's financial performance.
Peer comparison
Dec 31, 2023