Nike Inc (NKE)
Net profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,700,000 | 5,070,000 | 6,046,000 | 5,727,000 | 2,539,000 |
| Revenue | US$ in thousands | 51,500,000 | 51,430,000 | 46,736,000 | 44,676,000 | 37,380,000 |
| Net profit margin | 11.07% | 9.86% | 12.94% | 12.82% | 6.79% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $5,700,000K ÷ $51,500,000K
= 11.07%
Nike Inc's net profit margin has shown variability over the past five years. In the most recent fiscal year ending May 31, 2024, the net profit margin stood at 11.07%, representing a moderate increase from the previous year's 9.86%. However, this figure was lower than the net profit margin reported in the fiscal year ending May 31, 2022, which was 12.94%.
Despite the fluctuations, Nike Inc has generally maintained a healthy net profit margin, indicating the company's ability to effectively control costs and generate profit from its operations. Investors and stakeholders may view the upward trend in net profit margin positively, as it signals improved profitability. Monitoring the net profit margin closely in conjunction with other financial metrics can provide valuable insights into the company's overall financial performance and efficiency in generating profits.
Peer comparison
May 31, 2024