PPG Industries Inc (PPG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,270,000 | 1,026,000 | 1,439,000 | 1,059,000 | 1,243,000 |
| Revenue | US$ in thousands | 18,119,000 | 17,539,000 | 16,913,000 | 13,780,000 | 15,135,000 |
| Net profit margin | 7.01% | 5.85% | 8.51% | 7.69% | 8.21% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,270,000K ÷ $18,119,000K
= 7.01%
The net profit margin of PPG Industries, Inc. has shown some fluctuations over the past five years. In 2023, the net profit margin increased to 6.96%, up from 5.81% in 2022 but lower than the 8.56% reported in 2021. This indicates that the company's profitability improved in 2023 compared to the previous year, but it has yet to reach the levels seen in 2021.
When looking at the trend over the five-year period, it is evident that there have been fluctuations in PPG Industries' net profit margin. The margins reported in 2020 and 2021 were relatively stable within the range of 7.66% to 8.56%. However, in 2022, there was a slight dip in profitability before bouncing back in 2023.
Overall, while the net profit margin of PPG Industries, Inc. has shown some variability, the company has managed to maintain a reasonable level of profitability over the years, with fluctuations likely influenced by various internal and external factors affecting its operations and financial performance.
Peer comparison
Dec 31, 2023