ODP Corp (ODP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,000 | 166,000 | -208,000 | -319,000 | 99,000 |
| Revenue | US$ in thousands | 7,812,000 | 8,477,000 | 8,439,000 | 9,660,000 | 10,561,000 |
| Net profit margin | 1.78% | 1.96% | -2.46% | -3.30% | 0.94% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $139,000K ÷ $7,812,000K
= 1.78%
The net profit margin of ODP Corp has fluctuated over the past five years. In 2023, the net profit margin decreased to 1.78% from 1.96% in 2022. This slight decrease indicates that the company's profitability slightly declined in 2023 compared to the previous year.
In 2021, ODP Corp reported a negative net profit margin of -2.46%, which improved from an even lower figure of -3.30% in 2020. The negative net profit margin in these years suggests that the company's expenses exceeded its revenues, leading to net losses.
The net profit margin was positive in 2019 at 0.94%, indicating that the company generated a profit, although it was lower compared to 2022. Overall, the trend in ODP Corp's net profit margin shows that the company has experienced fluctuations in profitability over the five-year period, with improvements in some years and challenges in others.
Peer comparison
Dec 31, 2023