Sealed Air Corporation (SEE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 341,600 | 491,600 | 506,800 | 502,900 | 263,000 |
| Revenue | US$ in thousands | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 | 4,791,100 |
| Net profit margin | 6.22% | 8.71% | 9.16% | 10.26% | 5.49% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $341,600K ÷ $5,488,900K
= 6.22%
The net profit margin of Sealed Air Corp. has fluctuated over the past five years, ranging from 5.48% in 2019 to 10.25% in 2020. The margin declined to 6.22% in 2023, showing a decrease compared to the previous year. This suggests that the company's profitability in relation to its revenue has weakened in the most recent period. It would be advisable for stakeholders to further investigate the factors contributing to this decrease in net profit margin to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Sealed Air Corporation
SEE
6.22%
Celanese Corporation
CE
18.24%