Pool Corporation (POOL)
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 | 523,229 | 543,655 | 595,867 | 670,900 | 748,462 | 784,208 | 778,818 | 731,230 | 650,624 | 602,189 | 536,622 | 434,482 | 366,739 | 325,589 | 286,016 | 259,851 | 261,576 | 260,363 | 250,099 | 235,758 |
| Revenue (ttm) | US$ in thousands | 5,541,590 | 5,634,460 | 5,775,390 | 5,973,850 | 6,179,730 | 6,119,370 | 5,915,480 | 5,647,490 | 5,295,580 | 5,099,281 | 4,827,061 | 4,320,081 | 3,936,629 | 3,679,602 | 3,438,872 | 3,279,352 | 3,199,520 | 3,160,368 | 3,073,179 | 3,009,649 |
| Net profit margin | 9.44% | 9.65% | 10.32% | 11.23% | 12.11% | 12.82% | 13.17% | 12.95% | 12.29% | 11.81% | 11.12% | 10.06% | 9.32% | 8.85% | 8.32% | 7.92% | 8.18% | 8.24% | 8.14% | 7.83% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $523,229K ÷ $5,541,590K
= 9.44%
Pool Corporation's net profit margin has shown a downward trend over the past eight quarters, decreasing from 12.04% in Q4 2022 to 9.39% in Q4 2023. This indicates a decrease in profitability relative to revenue during this period. The company experienced its highest net profit margin of 13.05% in Q2 2022, but since then, the margin has been gradually declining. The fluctuations in net profit margin may be attributed to various factors such as changes in operating expenses, cost of goods sold, or pricing strategies. Pool Corporation should closely monitor and analyze the drivers behind these changes to sustain and improve its profitability in the future.