Sturm Ruger & Company Inc (RGR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 48,215 | 88,332 | 155,899 | 90,398 | 32,291 |
| Revenue | US$ in thousands | 543,767 | 595,842 | 730,736 | 568,868 | 410,506 |
| Net profit margin | 8.87% | 14.82% | 21.33% | 15.89% | 7.87% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $48,215K ÷ $543,767K
= 8.87%
The net profit margin of Sturm, Ruger & Co., Inc. has shown fluctuating trends over the past five years. In 2023, the net profit margin decreased to 8.87% from 14.82% in 2022, which indicates a decline in profitability efficiency. However, when compared to the figures in 2020 and 2019, the net profit margin in 2023 is still higher, suggesting improved profitability in recent years.
The highest net profit margin was recorded in 2021 at 21.33%, demonstrating robust profitability efficiency during that year. On the other hand, the lowest net profit margin was observed in 2019 at 7.87%.
Overall, the net profit margin trend suggests some variations in the company's ability to convert revenue into profit over the years, with 2021 standing out as a particularly strong year in terms of profitability performance. It is essential for the company to monitor and evaluate its cost structure and revenue generation strategies to ensure sustainable and improved profitability levels in the future.
Peer comparison
Dec 31, 2023