Patrick Industries Inc (PATK)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 138,401 | 142,897 | 328,196 | 224,915 | 97,061 |
| Revenue | US$ in thousands | 3,715,680 | 3,468,040 | 4,881,870 | 4,078,090 | 2,486,600 |
| Net profit margin | 3.72% | 4.12% | 6.72% | 5.52% | 3.90% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $138,401K ÷ $3,715,680K
= 3.72%
The net profit margin of Patrick Industries Inc has shown fluctuations over the past five years. The net profit margin increased from 3.90% in December 31, 2020, to 6.72% in December 31, 2022, indicating an improvement in the company's profitability during this period. However, in December 31, 2023, the net profit margin decreased to 4.12%, followed by a further decline to 3.72% by December 31, 2024.
The fluctuation in the net profit margin may be attributed to various factors such as changes in operating expenses, cost of goods sold, or fluctuations in revenue. It is important for the company to closely monitor and analyze the drivers behind these changes in profitability to make informed decisions and implement strategies to enhance financial performance in the future.
Peer comparison
Dec 31, 2024