Sonos Inc (SONO)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -38,146 | -10,274 | 67,383 | 158,595 | -20,115 |
| Revenue | US$ in thousands | 1,520,930 | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 |
| Net profit margin | -2.51% | -0.62% | 3.87% | 9.24% | -1.52% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-38,146K ÷ $1,520,930K
= -2.51%
The net profit margin of Sonos Inc has experienced fluctuations over the past five years. It was negative in both 2020 (-1.52%) and 2024 (-2.51%), indicating that the company incurred losses during those periods. In 2021, the net profit margin was 9.24%, showing a significant improvement as the company generated a higher profit relative to its revenue. However, in 2022, the margin decreased to 3.87%, suggesting a decrease in profitability compared to the previous year.
The negative net profit margins in 2020 and 2024 could raise concerns about the company's ability to control costs and generate sustainable profits. It is important for Sonos Inc to closely monitor its expenses and revenue generation strategies to improve its profitability and ensure long-term financial stability.
Peer comparison
Sep 30, 2024