MGP Ingredients Inc (MGPI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 34,663 | 107,475 | 109,462 | 91,307 | 40,345 |
| Revenue | US$ in thousands | 703,625 | 836,523 | 782,358 | 626,720 | 395,521 |
| Net profit margin | 4.93% | 12.85% | 13.99% | 14.57% | 10.20% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $34,663K ÷ $703,625K
= 4.93%
Based on the provided data, MGP Ingredients Inc's net profit margin has shown a mixed performance over the years. Starting at 10.20% in December 31, 2020, the net profit margin increased to 14.57% by the end of December 31, 2021, indicating improved profitability. However, there was a slight decline in profitability as the net profit margin decreased to 13.99% by the end of December 31, 2022. The trend continued with a further reduction to 12.85% by December 31, 2023.
Notably, there was a significant drop in the net profit margin to 4.93% by the end of December 31, 2024, which could raise concerns about the company's profitability efficiency during that period. It is essential for stakeholders to closely monitor the trend in net profit margin to assess MGP Ingredients Inc's ability to generate profits relative to its total revenues and manage its costs effectively. Factors such as changing market conditions, cost structures, and competitive pressures could have influenced the company's net profit margin performance during the analyzed period.