Meta Platforms Inc. (META)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 62,360,000 | 39,098,000 | 23,200,000 | 39,370,000 | 29,146,000 |
| Revenue | US$ in thousands | 163,811,000 | 134,090,000 | 116,352,000 | 117,774,000 | 85,822,000 |
| Net profit margin | 38.07% | 29.16% | 19.94% | 33.43% | 33.96% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $62,360,000K ÷ $163,811,000K
= 38.07%
Meta Platforms Inc.'s net profit margin has experienced fluctuations over the past five years. In December 31, 2020, the net profit margin stood at 33.96%, indicating that the company was able to convert 33.96% of its revenues into net profit. However, by December 31, 2021, the net profit margin slightly decreased to 33.43%.
The following year, in December 31, 2022, there was a significant drop in the net profit margin to 19.94%, suggesting a decrease in profitability compared to the previous years. However, the company's performance improved in December 31, 2023, with the net profit margin increasing to 29.16%.
In the latest period, December 31, 2024, Meta Platforms Inc. experienced a notable rise in net profit margin to 38.07%, signaling an improvement in profitability. Overall, the fluctuation in the net profit margin indicates varying levels of efficiency in converting revenues into profits over the years.
Peer comparison
Dec 31, 2024