Matthews International Corporation (MATW)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -59,660 | 39,291 | -99,774 | 2,910 | -87,155 |
| Revenue | US$ in thousands | 1,795,740 | 1,880,900 | 1,762,400 | 1,671,030 | 1,498,310 |
| Net profit margin | -3.32% | 2.09% | -5.66% | 0.17% | -5.82% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-59,660K ÷ $1,795,740K
= -3.32%
The net profit margin of Matthews International Corporation has exhibited fluctuating trends over the past five years. In September 2024, the company reported a net profit margin of -3.32%, indicating that for every dollar of revenue generated, the company incurred a loss of $0.0332. This represents a decrease from the previous year, when the net profit margin was 2.09%.
Compared to September 2022, where the net profit margin was -5.66%, there has been a slight improvement in profitability. However, the company's performance in September 2024 remains weaker than in September 2021 when the net profit margin was 0.17%. Similarly, the net profit margin in September 2024 is lower than in September 2020 when it was -5.82%.
Overall, the negative net profit margins suggest that Matthews International Corporation has struggled to maintain profitability in recent years. It is essential for the company to closely monitor its cost structure, revenue streams, and operational efficiency to improve its profitability and ensure sustainable growth in the future.