Mattel Inc (MAT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 214,352 | 393,913 | 902,987 | 123,579 | -218,750 |
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Net profit margin | 4.04% | 7.53% | 17.76% | 2.83% | -5.08% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $214,352K ÷ $5,304,060K
= 4.04%
The net profit margin of Mattel Inc has exhibited significant fluctuations over the past five years. In 2023, the net profit margin stood at 4.04%, marking a decline from the previous year's figure of 7.53%. This decrease suggests a reduction in the company's profitability relative to its revenue in 2023.
Comparing the net profit margin of 2023 to the figure of 2019 reveals a notable improvement, as the company managed to turn a negative net profit margin of -5.08% in 2019 into a positive figure in 2023. This shift indicates a commendable recovery in profitability over the time period analyzed.
However, the net profit margin of 2023 falls short in comparison to the exceptional performance seen in 2021, where the margin reached 17.76%. The significant variance between these two years implies a substantial change in the company's ability to generate profits relative to its revenue.
Overall, while the net profit margin of Mattel Inc in 2023 demonstrates an upward trend compared to 2019, it suggests a decline in profitability compared to 2022 and a substantial decrease relative to the exceptional performance witnessed in 2021.