Standard Motor Products Inc (SMP)

Net profit margin

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 Jun 30, 2020 Mar 31, 2020
Net income (ttm) US$ in thousands 29,092 36,131 38,980 31,054 34,148 35,647 52,180 62,169 69,697 80,458 81,316 89,332 90,886 81,366 85,941 69,766 57,393 59,737 45,863 54,328
Revenue (ttm) US$ in thousands 1,463,849 1,411,253 1,398,401 1,361,647 1,358,272 1,375,715 1,370,675 1,377,012 1,371,815 1,373,493 1,362,430 1,345,094 1,298,816 1,271,677 1,244,976 1,150,839 1,128,588 1,087,102 1,051,216 1,108,449
Net profit margin 1.99% 2.56% 2.79% 2.28% 2.51% 2.59% 3.81% 4.51% 5.08% 5.86% 5.97% 6.64% 7.00% 6.40% 6.90% 6.06% 5.09% 5.50% 4.36% 4.90%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $29,092K ÷ $1,463,849K
= 1.99%

Standard Motor Products Inc's net profit margin has experienced fluctuations over the past few years, ranging from a high of 7.00% in December 2021 to a low of 1.99% in December 2024. The trend shows a general decline in net profit margin from 2021 to 2024, indicating potential challenges in maintaining profitability.

A net profit margin of 1.99% in December 2024 suggests that for every dollar of revenue generated, the company retained 1.99 cents as profit, indicating a relatively low level of profitability compared to previous periods. This may be a cause for concern as it could signal decreasing efficiency in cost management or declining revenue growth.

It is important for Standard Motor Products Inc to closely monitor and address the factors impacting its net profit margin to sustain long-term profitability and financial health. Strategies such as cost control measures, revenue growth initiatives, and operational efficiency improvements may help enhance the company's profitability in the future.