Sprouts Farmers Market LLC (SFM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 258,856 | 261,164 | 244,157 | 287,450 | 149,629 |
| Revenue | US$ in thousands | 6,830,890 | 6,395,180 | 6,088,180 | 6,453,970 | 5,613,640 |
| Net profit margin | 3.79% | 4.08% | 4.01% | 4.45% | 2.67% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $258,856K ÷ $6,830,890K
= 3.79%
Sprouts Farmers Market Inc's net profit margin has displayed some variability over the past five years. In 2023, the net profit margin was 3.79%, which was a decrease from the previous year's margin of 4.08% in 2022. Despite this decrease, the company's performance in 2023 was still relatively stable compared to the prior years, where the net profit margins ranged from 4.00% in 2022 to 2.66% in 2019. Overall, the company's net profit margin indicates that Sprouts Farmers Market Inc has been able to generate a consistent level of profit relative to its revenue in recent years, although there may be some room for improvement in optimizing its profitability.
Peer comparison
Dec 31, 2023