O-I Glass Inc (OI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -106,000 | -103,000 | 584,000 | 149,000 | 249,000 |
| Revenue | US$ in thousands | 6,531,000 | 7,105,000 | 6,615,000 | 6,138,000 | 6,097,000 |
| Net profit margin | -1.62% | -1.45% | 8.83% | 2.43% | 4.08% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-106,000K ÷ $6,531,000K
= -1.62%
The net profit margin of O-I Glass Inc has displayed varying trends over the years. In December 2020, the net profit margin stood at 4.08%, indicating that the company retained $0.0408 of every dollar earned as net profit. By December 2021, the net profit margin slightly declined to 2.43%, suggesting a decrease in profitability. However, in December 2022, there was a significant improvement as the net profit margin surged to 8.83%, reflecting a strong performance and better cost management.
Subsequently, the net profit margin took a negative turn in December 2023, plunging to -1.45%, implying that the company incurred losses exceeding its revenue. This negative trend continued into December 2024, with the net profit margin deteriorating further to -1.62%. Such negative margins may indicate challenges in generating profits and controlling costs effectively.
Overall, O-I Glass Inc's net profit margin has fluctuated, with the company experiencing periods of positive and negative profitability. It is crucial for the company to closely monitor its expenses, revenue generation, and overall business operations to sustain profitability and drive long-term financial success.