Resideo Technologies Inc (REZI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 116,000 | 210,000 | 283,000 | 242,000 | 37,000 |
| Revenue | US$ in thousands | 6,761,000 | 6,242,000 | 6,370,000 | 5,846,000 | 5,071,000 |
| Net profit margin | 1.72% | 3.36% | 4.44% | 4.14% | 0.73% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $116,000K ÷ $6,761,000K
= 1.72%
To analyze Resideo Technologies Inc's net profit margin over the period from December 31, 2020, to December 31, 2024, we observe a fluctuating trend. The net profit margin increased from 0.73% in 2020 to 4.14% in 2021, reflecting improved profitability. In 2022, there was a slight increase to 4.44%, indicating continued positive performance. However, in 2023, the net profit margin decreased to 3.36%, suggesting a slight decline in profitability. Finally, in 2024, the net profit margin further decreased to 1.72%, signaling a more pronounced decline in profitability compared to the previous year. Overall, Resideo Technologies Inc's net profit margin showed variability over the period, with both increases and decreases in profitability levels.