Somnigroup International Inc. (SGI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 368,100 | 455,700 | 624,500 | 348,800 | 189,500 |
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Net profit margin | 7.47% | 9.26% | 12.67% | 9.49% | 6.10% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $368,100K ÷ $4,925,400K
= 7.47%
The net profit margin of Somnigroup International Inc. has exhibited fluctuating trends over the past five years. In December 2019, the net profit margin stood at 6.10%, indicating that the company was able to retain approximately 6.10% of its total revenue as profit. This margin increased to 9.49% by December 2020, showing an improvement in profitability.
By December 2021, the net profit margin experienced a notable surge to 12.67%, reflecting a significant enhancement in the company's ability to generate profits relative to its revenue. However, in December 2022, the net profit margin decreased to 9.26%, suggesting a slight decline in profitability compared to the previous year.
As of December 2023, the net profit margin of Somnigroup International Inc. further decreased to 7.47%. This decrease indicates a reduction in the percentage of revenue that translates into net income, potentially signaling challenges in maintaining or increasing profitability. It is important for the company to assess the factors impacting its profitability and consider strategies to enhance efficiency and revenue generation to sustain healthy profit margins in the future.
Peer comparison
Dec 31, 2023