Metallus Inc (MTUS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 69,400 | 65,100 | 171,000 | -61,900 | -110,000 |
| Revenue | US$ in thousands | 1,329,300 | 1,253,800 | 1,275,600 | 843,400 | 1,228,200 |
| Net profit margin | 5.22% | 5.19% | 13.41% | -7.34% | -8.96% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $69,400K ÷ $1,329,300K
= 5.22%
The net profit margin of Metallus Inc has displayed fluctuations over the past five years. In 2023, the company's net profit margin was 5.22%, slightly higher than the previous year's margin of 5.19%. However, compared to 2021 where the net profit margin was significantly higher at 13.41%, there has been a notable decrease in profitability.
The negative net profit margins in 2020 and 2019 (-7.34% and -8.96% respectively) indicate that the company incurred losses during those years, which could be attributed to various factors such as high expenses or lower revenue generation.
Overall, the trend in Metallus Inc's net profit margin indicates variability in its profitability performance. It is essential for the company to implement strategies to sustain or improve its net profit margin in order to ensure long-term financial health and stability.
Peer comparison
Dec 31, 2023