RBC Bearings Incorporated (RBC)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 209,900 | 197,496 | 187,196 | 179,296 | 166,696 | 148,968 | 113,214 | 68,062 | 54,700 | 48,653 | 69,676 | 91,449 | 90,100 | 98,431 | 107,377 | 118,226 | 126,036 | 123,721 | 109,384 | 108,225 |
| Revenue (ttm) | US$ in thousands | 1,560,300 | 1,541,028 | 1,518,728 | 1,502,328 | 1,469,328 | 1,433,742 | 1,349,095 | 1,140,795 | 942,900 | 744,369 | 623,277 | 608,712 | 609,000 | 636,018 | 666,710 | 701,811 | 754,839 | 755,013 | 748,716 | 738,750 |
| Net profit margin | 13.45% | 12.82% | 12.33% | 11.93% | 11.35% | 10.39% | 8.39% | 5.97% | 5.80% | 6.54% | 11.18% | 15.02% | 14.79% | 15.48% | 16.11% | 16.85% | 16.70% | 16.39% | 14.61% | 14.65% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $209,900K ÷ $1,560,300K
= 13.45%
The net profit margin of RBC Bearings Incorporated has shown a fluctuating trend over the past few quarters. Starting from 14.65% in June 2019, the margin decreased to 5.80% by March 2022, but then gradually improved, reaching 13.45% by March 2024.
The company experienced a significant dip in profitability in mid-2022, with a net profit margin of only 5.97% in June 2022. However, there has been a positive growth trajectory since then, indicating improved efficiency in managing costs and generating profits.
The highest net profit margin observed during this period was 16.85% in June 2020, reflecting strong profitability levels. Overall, the recent increase in the net profit margin is a positive sign of improved financial performance for RBC Bearings Incorporated. Monitoring this ratio in future periods will be essential to track the company's ability to maintain and enhance its profitability.
Peer comparison
Mar 31, 2024