Service Corporation International (SCI)
Net profit margin
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 537,317 | 491,227 | 490,106 | 490,588 | 565,338 | 679,533 | 768,538 | 793,573 | 802,939 | 797,482 | 715,042 | 662,845 | 515,907 | 462,016 | 405,393 | 372,214 | 369,596 | 415,490 | 413,633 | 444,543 |
| Revenue (ttm) | US$ in thousands | 4,099,780 | 4,071,660 | 4,047,520 | 4,024,965 | 4,108,655 | 4,124,235 | 4,180,885 | 4,177,565 | 4,143,145 | 4,070,153 | 3,954,024 | 3,786,524 | 3,511,509 | 3,392,001 | 3,243,001 | 3,235,538 | 3,230,785 | 3,200,839 | 3,210,384 | 3,193,904 |
| Net profit margin | 13.11% | 12.06% | 12.11% | 12.19% | 13.76% | 16.48% | 18.38% | 19.00% | 19.38% | 19.59% | 18.08% | 17.51% | 14.69% | 13.62% | 12.50% | 11.50% | 11.44% | 12.98% | 12.88% | 13.92% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $537,317K ÷ $4,099,780K
= 13.11%
Service Corp. International's net profit margin has displayed a declining trend over the past few quarters. The net profit margin decreased from 13.76% in Q4 2022 to 13.11% in Q4 2023. The decline continued with subsequent reductions in Q3 2023, Q2 2023, and Q1 2023, reaching 12.06%, 12.11%, and 12.19%, respectively. This downward trend contrasts with the higher margins observed in the earlier quarters of 2022, with margins of 16.48% in Q3 2022, 18.38% in Q2 2022, and 19.00% in Q1 2022. Overall, the decreasing trend in net profit margin signals a potential decline in the company's profitability and efficiency in recent periods.
Peer comparison
Dec 31, 2023