Pool Corporation (POOL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 523,229 | 748,462 | 650,624 | 366,738 | 261,575 |
| Revenue | US$ in thousands | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 | 3,199,520 |
| Net profit margin | 9.44% | 12.11% | 12.29% | 9.32% | 8.18% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $523,229K ÷ $5,541,600K
= 9.44%
The net profit margin of Pool Corporation has demonstrated some fluctuations over the past five years. In 2023, the net profit margin decreased to 9.39% from 12.04% in 2022. Despite the decline, the net profit margin in 2023 remains relatively healthy compared to the margins in 2020 and 2019, which were 9.32% and 8.18%, respectively. While the net profit margin was slightly higher at 12.20% in 2021 compared to subsequent years, the company experienced a decrease in profitability in the most recent year. Overall, Pool Corporation should continue monitoring its net profit margin to ensure sustainable profitability levels.