Sanmina Corporation (SANM)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 222,536 | 309,970 | 240,384 | 249,546 | 139,713 |
| Revenue | US$ in thousands | 7,568,330 | 8,898,760 | 7,890,480 | 6,756,640 | 6,960,370 |
| Net profit margin | 2.94% | 3.48% | 3.05% | 3.69% | 2.01% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $222,536K ÷ $7,568,330K
= 2.94%
The net profit margin of Sanmina Corporation has shown some fluctuations over the past five years. In 2024, the net profit margin was 2.94%, a decrease from the previous year's margin of 3.48%. This decrease indicates that the company's profitability relative to its revenue has declined.
Comparing to 2022 and 2021, where the margins were 3.05% and 3.69% respectively, the current margin of 2.94% is lower and may indicate potential challenges in maintaining profitability. However, it is worth noting that the net profit margin in 2020 was 2.01%, showing an improvement in profitability since then.
Overall, the trend in Sanmina Corporation's net profit margin suggests some variability in its ability to convert revenue into profit over the past five years. Investors and analysts may want to further investigate the factors influencing these fluctuations to assess the company's financial health and performance.
Peer comparison
Sep 30, 2024