Polaris Industries Inc (PII)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 110,800 | 502,800 | 603,400 | 493,900 | 124,800 |
| Revenue | US$ in thousands | 7,175,400 | 8,934,400 | 8,589,000 | 8,198,200 | 7,027,900 |
| Net profit margin | 1.54% | 5.63% | 7.03% | 6.02% | 1.78% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $110,800K ÷ $7,175,400K
= 1.54%
Based on the provided data, the net profit margin of Polaris Industries Inc has shown fluctuations over the years. In December 31, 2020, the net profit margin was 1.78%, indicating that the company was generating $1.78 in net income for every $100 in revenue.
The net profit margin then improved significantly to 6.02% by December 31, 2021, reflecting better profitability and cost management strategies. This positive trend continued into December 31, 2022, with a further increase to 7.03%, suggesting efficient operations and potentially higher revenue relative to costs.
However, by December 31, 2023, the net profit margin slightly decreased to 5.63%, indicating a possible increase in expenses or a slight dip in revenue growth. The trend reversed significantly by December 31, 2024, as the net profit margin dropped to 1.54%, signaling decreased profitability compared to the previous year.
Overall, the fluctuations in Polaris Industries Inc's net profit margin suggest varying levels of efficiency in managing costs and generating profits over the years. It would be important for the company to closely monitor its cost structure and revenue streams to maintain and improve its profitability in the future.