Polaris Industries Inc (PII)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 502,800 | 447,100 | 493,900 | 124,800 | 324,000 |
| Revenue | US$ in thousands | 8,809,400 | 8,517,300 | 8,117,900 | 6,963,800 | 6,704,930 |
| Net profit margin | 5.71% | 5.25% | 6.08% | 1.79% | 4.83% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $502,800K ÷ $8,809,400K
= 5.71%
The net profit margin of Polaris Inc has shown varying trends over the past five years. In 2023, the net profit margin increased to 5.63% compared to the previous year's 5.21%, indicating a slight improvement in profitability. However, it is important to note that the net profit margin was higher in 2021 at 6.02% and experienced a significant drop in 2020 to 1.78%. The margin then recovered in 2019 to 4.78%.
Overall, the net profit margin fluctuated during this period, with the company experiencing both improvements and declines in profitability. Further analysis of the company's financial performance and operational efficiency would be necessary to fully understand the factors driving these changes in net profit margin.