Polaris Industries Inc (PII)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 502,800 | 594,900 | 629,500 | 490,600 | 447,100 | 338,400 | 266,700 | 429,700 | 493,900 | 605,900 | 658,100 | 264,300 | 124,800 | 24,931 | -53,469 | 270,131 | 323,931 | 316,474 | 323,603 | 327,943 |
| Revenue (ttm) | US$ in thousands | 8,809,400 | 8,932,200 | 9,036,300 | 8,899,000 | 8,692,600 | 6,350,200 | 5,978,400 | 6,037,000 | 6,031,600 | 8,138,400 | 8,127,000 | 7,514,400 | 6,963,800 | 6,556,070 | 6,370,680 | 6,635,480 | 6,721,750 | 6,613,000 | 6,492,680 | 6,227,300 |
| Net profit margin | 5.71% | 6.66% | 6.97% | 5.51% | 5.14% | 5.33% | 4.46% | 7.12% | 8.19% | 7.44% | 8.10% | 3.52% | 1.79% | 0.38% | -0.84% | 4.07% | 4.82% | 4.79% | 4.98% | 5.27% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $502,800K ÷ $8,809,400K
= 5.71%
The net profit margin of Polaris Inc has experienced fluctuations over the past eight quarters. In Q2 and Q3 of 2023, the net profit margin showed an improvement, reaching 7.02% and 6.70% respectively, indicating that the company was able to generate a higher percentage of profits relative to its revenue during those periods. However, in Q1 and Q4 of 2023, the net profit margin decreased to 5.57% and 5.63% respectively.
Comparing the recent performance to the same quarters in 2022, there has been an overall improvement in net profit margin. In Q4 2022, the net profit margin was at 5.21%, slightly lower than Q4 2023. However, Q3 and Q2 of 2022 had lower net profit margins of 3.97% and 3.27% respectively, indicating that the company has made progress in increasing profitability since then.
Overall, Polaris Inc has shown some variability in its net profit margin over the past eight quarters, but there has been an upward trend in recent quarters, indicating potential improvements in the company's profitability and operational efficiency.