Sonoco Products Company (SON)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 474,959 | 490,920 | 482,400 | 499,423 | 466,437 | 434,391 | 423,302 | -42,440 | -85,476 | -162,275 | -189,966 | 199,315 | 207,463 | 264,004 | 272,619 | 298,567 | 291,785 | 324,564 | 304,915 | 313,168 |
| Revenue (ttm) | US$ in thousands | 6,825,810 | 6,976,700 | 7,162,630 | 7,381,000 | 7,401,430 | 7,143,520 | 6,683,310 | 6,138,990 | 5,719,930 | 5,619,660 | 5,509,310 | 5,390,170 | 5,348,310 | 5,297,960 | 5,341,660 | 5,458,660 | 5,502,880 | 5,562,970 | 5,575,100 | 5,598,550 |
| Net profit margin | 6.96% | 7.04% | 6.73% | 6.77% | 6.30% | 6.08% | 6.33% | -0.69% | -1.49% | -2.89% | -3.45% | 3.70% | 3.88% | 4.98% | 5.10% | 5.47% | 5.30% | 5.83% | 5.47% | 5.59% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $474,959K ÷ $6,825,810K
= 6.96%
Sonoco Products Co.'s net profit margin has shown a generally positive trend over the past eight quarters. The net profit margin ranged from -0.71% in Q1 2022 to a peak of 7.20% in Q3 2023. This indicates that the company has been able to effectively manage its expenses and generate profits relative to its revenue during the period under review. It demonstrates a consistent ability to convert a larger portion of its sales into profits over time. However, the fluctuation in net profit margin between quarters suggests some variability in the company's profitability, which could be influenced by various factors such as changes in operating costs, revenue levels, or one-time events. Overall, the positive trend in net profit margin reflects well on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023