Sonoco Products Company (SON)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 163,949 | 474,959 | 466,437 | -93,552 | 207,463 |
| Revenue | US$ in thousands | 5,305,360 | 6,781,290 | 7,250,550 | 5,590,440 | 5,237,440 |
| Net profit margin | 3.09% | 7.00% | 6.43% | -1.67% | 3.96% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $163,949K ÷ $5,305,360K
= 3.09%
The net profit margin of Sonoco Products Company has shown fluctuating performance over the past five years. In December 31, 2020, the net profit margin was at 3.96%, signaling a moderate profitability level. However, there was a decline in profitability in December 31, 2021, with a negative net profit margin of -1.67%, indicating the company incurred losses during that period.
The following year, in December 31, 2022, there was a significant improvement in the net profit margin to 6.43%, reflecting a strong rebound in profitability. This positive trend continued in December 31, 2023, with a further increase to 7.00%, demonstrating improved efficiency in cost management and revenue generation.
Nevertheless, there was a slight dip in profitability in December 31, 2024, with a net profit margin of 3.09%. This decrease may indicate challenges faced by the company in maintaining consistent profitability levels.
Overall, the analysis of Sonoco Products Company's net profit margin suggests varying levels of profitability over the years, with some periods of strong performance and others indicating potential struggles in maintaining profitability.
Peer comparison
Dec 31, 2024