Skechers USA Inc (SKX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 639,471 | 545,799 | 373,028 | 741,503 | 146,227 |
| Revenue | US$ in thousands | 8,969,350 | 8,000,340 | 7,444,550 | 6,285,030 | 4,597,410 |
| Net profit margin | 7.13% | 6.82% | 5.01% | 11.80% | 3.18% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $639,471K ÷ $8,969,350K
= 7.13%
Based on the data provided, Skechers USA Inc's net profit margin has shown some fluctuations over the years. In December 2020, the net profit margin was 3.18%, indicating that for every dollar of revenue generated, the company retained $0.0318 as profit.
There was a significant improvement in December 2021, with the net profit margin increasing to 11.80%. This sharp increase suggests that the company effectively controlled its costs and managed its revenues more efficiently during that period.
However, in December 2022, the net profit margin decreased to 5.01%, indicating a decline in profitability compared to the previous year. This could be due to various factors such as increased costs or a decrease in revenue growth.
In December 2023, the net profit margin improved to 6.82%, showing a positive trend in profitability compared to the previous year. This improvement may indicate that the company implemented strategies to enhance its profitability during that period.
In the latest period, December 2024, the net profit margin further increased to 7.13%, suggesting that the company continued to enhance its profitability, although not as significantly as in the previous year. Overall, while there have been fluctuations in Skechers USA Inc's net profit margin over the years, the general trend shows improvements in profitability, with the company maintaining a positive margin and demonstrating its ability to generate profit from its operations.
Peer comparison
Dec 31, 2024