Meta Platforms Inc. (META)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 39,098,000 | 23,200,000 | 39,370,000 | 29,146,000 | 18,485,000 |
| Revenue | US$ in thousands | 134,090,000 | 116,352,000 | 117,774,000 | 85,822,000 | 70,572,000 |
| Net profit margin | 29.16% | 19.94% | 33.43% | 33.96% | 26.19% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $39,098,000K ÷ $134,090,000K
= 29.16%
The net profit margin of Meta Platforms Inc has exhibited some fluctuations over the past five years. In 2023, the net profit margin stood at 28.98%, showing an increase from the previous year's ratio of 19.90% in 2022. However, this current margin is lower compared to the ratios recorded in 2021 and 2020, which were 33.38% and 33.90% respectively. The net profit margin in 2019 was 26.15%, falling between the margins of recent years.
Overall, the net profit margin of Meta Platforms Inc has shown variability over the years, with some years demonstrating higher profitability levels than others. This metric is essential for evaluating the company's efficiency in converting revenue into profits and provides insights into its cost management and pricing strategies.
Peer comparison
Dec 31, 2023