Mister Car Wash Inc (MCW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 80,130 | 112,900 | -22,045 |
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Net profit margin | 9.41% | 13.51% | -3.18% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $80,130K ÷ $851,841K
= 9.41%
Mister Car Wash Inc's net profit margin has exhibited fluctuations over the past three years. In 2023, the net profit margin stood at 8.64%, a decrease from 12.88% in 2022. This decline indicates a potential decrease in efficiency in managing costs and expenses relative to revenue. Despite the reduction, the company still maintains a positive net profit margin, signifying that it is generating profits after accounting for all expenses. Furthermore, when comparing to 2021 where the net profit margin was -2.91%, the company has shown significant improvement in profitability. It is essential for Mister Car Wash Inc to focus on optimizing operational efficiency and cost management to sustain or enhance its net profit margin in the future.
Peer comparison
Dec 31, 2023