Sylvamo Corp (SLVM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 253,000 | 118,000 | 331,000 |
| Revenue | US$ in thousands | 3,687,000 | 3,559,000 | 3,504,000 |
| Net profit margin | 6.86% | 3.32% | 9.45% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $253,000K ÷ $3,687,000K
= 6.86%
The net profit margin of Sylvamo Corp has shown fluctuation over the past four years. In 2023, the net profit margin improved significantly to 6.80% compared to 3.25% in 2022. This indicates that the company was able to generate a higher percentage of profit relative to its revenue in 2023. However, the net profit margin was higher in 2021 at 9.45% compared to 2023, suggesting a slight decrease in profitability year-over-year. In 2020, the net profit margin was 5.65%, indicating a moderate increase in profitability compared to 2022 but lower than 2023. Overall, while there have been fluctuations in the net profit margin of Sylvamo Corp, the improvement in 2023 compared to the previous year is a positive indicator of the company's profitability.
Peer comparison
Dec 31, 2023