Qorvo Inc (QRVO)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	26,985	-141,224	-26,328	-70,322	-211,473	-100,466	-9,312	103,152	453,843	686,037	816,611	1,033,353	1,119,815	1,104,587	922,315	733,611	485,264	445,585	391,706	334,325
Revenue (ttm)	US$ in thousands	3,790,486	3,948,029	4,005,009	3,769,502	3,461,217	3,130,638	3,185,208	3,569,404	4,102,861	4,473,540	4,570,730	4,645,720	4,552,290	4,533,160	4,338,200	4,015,301	3,730,343	3,504,586	3,250,994	3,239,141
Net profit margin		0.71%	-3.58%	-0.66%	-1.87%	-6.11%	-3.21%	-0.29%	2.89%	11.06%	15.34%	17.87%	22.24%	24.60%	24.37%	21.26%	18.27%	13.01%	12.71%	12.05%	10.32%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $26,985K ÷ $3,790,486K
= 0.71%

The net profit margin of Qorvo Inc has shown fluctuations over the past few years. It started at a relatively healthy level of 10.32% in March 2020 and gradually increased to reach its peak at 24.60% in December 2021. This upward trend indicated an improvement in the company's profitability during this period.

However, starting from March 2022, the net profit margin began to decline, dropping to 0.71% by December 2024. This decline can be attributed to various factors such as increased expenses, lower sales revenues, or changes in the cost structure of the company.

Overall, while Qorvo Inc experienced a period of increasing profitability up to 2021, the subsequent decrease in net profit margin highlights the challenges the company may be facing in maintaining its profitability and efficiency in the market. Further analysis of the company's financial statements and operational activities might provide more insights into the reasons behind these fluctuations in net profit margin.