Nike Inc (NKE)
Net profit margin
| May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,070,000 | 6,046,000 | 5,727,000 | 2,539,000 | 4,029,000 |
| Revenue | US$ in thousands | 51,430,000 | 46,736,000 | 44,676,000 | 37,380,000 | 38,884,000 |
| Net profit margin | 9.86% | 12.94% | 12.82% | 6.79% | 10.36% |
May 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,070,000K ÷ $51,430,000K
= 9.86%
The net profit margin of Nike, Inc. has fluctuated over the past five years. In May 2023, the net profit margin was 9.90%, showing a decrease from 12.94% in 2022. This decline may indicate a decrease in profitability or an increase in expenses relative to sales. However, the net profit margin in 2023 is still higher than the 6.79% in 2020, indicating an overall improvement in profitability compared to three years ago. The net profit margin was highest in 2022 at 12.94%, but it has not reached that level in subsequent years. Overall, it is essential for Nike to closely monitor and manage its expenses and revenue generation to sustain and improve its net profit margin in the future.
Peer comparison
May 31, 2023