Super Micro Computer Inc (SMCI)

Net profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,048,854	1,150,944	1,444,626	1,419,998	1,152,666	1,048,991	732,378	612,577	639,998	587,251	578,377	444,142	285,163	183,503	124,959	110,701	111,865	91,153	88,532	84,564
Revenue (ttm)	US$ in thousands	21,972,040	21,569,720	20,819,880	18,806,840	14,989,250	11,819,520	9,252,750	7,391,030	7,123,490	6,574,090	6,646,280	6,015,500	5,196,100	4,629,620	4,170,011	3,827,897	3,557,417	3,384,563	3,261,090	3,301,727
Net profit margin		4.77%	5.34%	6.94%	7.55%	7.69%	8.88%	7.92%	8.29%	8.98%	8.93%	8.70%	7.38%	5.49%	3.96%	3.00%	2.89%	3.14%	2.69%	2.71%	2.56%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,048,854K ÷ $21,972,040K
= 4.77%

The net profit margin of Super Micro Computer Inc. demonstrates a general upward trend from September 2020 through March 2023, indicating improved profitability over this period. Specifically, the margin increased from 2.56% in September 2020 to a peak of approximately 8.93% in March 2023, reflecting enhancements in operational efficiency and possibly favorable market conditions or product mix adjustments. This period of growth in net profit margin suggests the company's ability to convert revenue into profit has strengthened substantially.

Following this peak, the margin experiences a slight decline, decreasing to approximately 8.88% in March 2024 and continuing downward to around 7.69% in June 2024, and further to 7.55% by September 2024. Such a decline may point to increased costs, competitive pressures, or changes in revenue streams affecting profitability margins. The decline persists into December 2024, with the margin at 6.94%, and continues into 2025, reaching 5.34% in March and falling further to 4.77% by June 2025.

Overall, the company's net profit margin shows a strong period of growth culminating around early 2023, followed by a gradual contraction in subsequent quarters. This shift indicates that while the company experienced significant operational improvements in the initial period, recent trends suggest increased cost pressures or market dynamics impacting profitability margins.