Sealed Air Corporation (SEE)
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 | 341,600 | 311,900 | 389,500 | 404,300 | 491,600 | 578,200 | 551,700 | 545,900 | 506,800 | 468,100 | 494,400 | 486,400 | 502,900 | 465,000 | 399,000 | 332,100 | 263,000 | 359,000 | 370,000 | 451,200 |
| Revenue (ttm) | US$ in thousands | 5,488,900 | 5,517,300 | 5,535,900 | 5,573,100 | 5,641,900 | 5,767,500 | 5,773,800 | 5,684,300 | 5,533,800 | 5,343,200 | 5,173,700 | 4,996,400 | 4,903,200 | 4,861,200 | 4,842,500 | 4,852,300 | 4,791,100 | 4,752,500 | 4,720,200 | 4,714,400 |
| Net profit margin | 6.22% | 5.65% | 7.04% | 7.25% | 8.71% | 10.03% | 9.56% | 9.60% | 9.16% | 8.76% | 9.56% | 9.74% | 10.26% | 9.57% | 8.24% | 6.84% | 5.49% | 7.55% | 7.84% | 9.57% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $341,600K ÷ $5,488,900K
= 6.22%
Sealed Air Corp.'s net profit margin has shown a consistent downward trend over the last eight quarters. In Q4 2023, the net profit margin stood at 6.22%, a decrease from the previous quarter's 5.65%. This decline continues the pattern of decreasing profitability observed since Q1 2022, when the net profit margin was at its highest point of 9.60%. The latest net profit margin of 6.22% in Q4 2023 is the lowest recorded figure in this timeframe.
Overall, the declining trend in net profit margin may indicate challenges faced by Sealed Air Corp. in managing costs and generating profits from its operations. Further analysis of the company's financial performance and factors impacting profitability would be necessary to determine the causes behind this trend and assess its potential implications for the company's future financial health.
Peer comparison
Dec 31, 2023