Martin Marietta Materials Inc (MLM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,995,000 | 1,168,900 | 866,800 | 702,500 | 721,000 |
| Revenue | US$ in thousands | 6,536,000 | 6,777,200 | 6,160,700 | 5,414,000 | 4,729,900 |
| Net profit margin | 30.52% | 17.25% | 14.07% | 12.98% | 15.24% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,995,000K ÷ $6,536,000K
= 30.52%
The net profit margin of Martin Marietta Materials Inc has shown some fluctuations over the years based on the provided data. As of December 31, 2020, the net profit margin was 15.24%, indicating that the company retained 15.24% of its revenue as profit after accounting for all expenses.
In the following year, by December 31, 2021, the net profit margin decreased to 12.98%, possibly due to higher expenses or reduced revenue relative to the previous period. However, the company managed to improve its performance in the subsequent years, with the net profit margin increasing to 14.07% by December 31, 2022, and further to 17.25% by December 31, 2023.
The most significant improvement in profitability was observed by December 31, 2024, with the net profit margin soaring to 30.52%. This substantial increase suggests that the company experienced a significant boost in profitability compared to the previous years.
Overall, the trend in the net profit margin of Martin Marietta Materials Inc demonstrates variability but also highlights the company's ability to adapt and improve its profitability over time. It is crucial to investigate the factors contributing to these fluctuations to understand the company's financial performance comprehensively.
Peer comparison
Dec 31, 2024