Patterson Companies Inc (PDCO)
Net profit margin
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 185,931 | 207,557 | 203,210 | 155,981 | -588,446 |
| Revenue | US$ in thousands | 6,568,270 | 6,471,470 | 6,499,400 | 5,912,070 | 5,490,010 |
| Net profit margin | 2.83% | 3.21% | 3.13% | 2.64% | -10.72% |
April 27, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $185,931K ÷ $6,568,270K
= 2.83%
Patterson Companies Inc's net profit margin has exhibited fluctuations over the past five years. In 2024, the net profit margin stood at 2.83%, a decrease from the prior year's margin of 3.21%. Despite this decline, the company's profitability remained relatively stable compared to the 3.13% margin in 2022. However, there was a notable improvement from the 2.64% margin in 2021.
It is important to highlight the significant turnaround from a negative net profit margin of -10.72% in 2020, indicating a period of financial difficulty for the company. The subsequent positive margins demonstrate efforts to enhance operational efficiency and profitability.
Overall, Patterson Companies Inc's net profit margin has shown variability in recent years, with a mix of positive and negative performances. Further insights into the company's strategy and financial health would be necessary to fully assess the factors contributing to these margin fluctuations.
Peer comparison
Apr 27, 2024