RPM International Inc (RPM)
Net profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 588,397 | 478,691 | 491,481 | 502,643 | 304,385 |
| Revenue | US$ in thousands | 7,210,630 | 7,128,530 | 6,615,470 | 6,018,050 | 5,406,290 |
| Net profit margin | 8.16% | 6.72% | 7.43% | 8.35% | 5.63% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $588,397K ÷ $7,210,630K
= 8.16%
The net profit margin of RPM International Inc has shown fluctuations over the past five years. In fiscal year 2024, the net profit margin was 8.16%, which represents an improvement from the previous year's 6.72%. This indicates that the company was able to generate a higher percentage of net income relative to its total revenue in 2024.
Comparing the net profit margin of 2024 to the figures of the preceding years, we observe that it is lower than the margin recorded in 2021 (8.35%) but higher than that of 2022 (7.43%) and 2020 (5.63%). This suggests that while the company's profitability improved in 2024 compared to 2023, it has not yet reached the peak level observed in 2021.
Overall, the trend in RPM International Inc's net profit margin indicates some volatility, with fluctuations in profitability over the years. The company may benefit from examining the factors influencing these fluctuations to ensure sustainable and consistent profitability in the future.
Peer comparison
May 31, 2024