Sonos Inc (SONO)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -10,274 | 67,383 | 158,595 | -20,115 | -4,766 |
| Revenue | US$ in thousands | 1,661,860 | 1,741,010 | 1,716,560 | 1,324,680 | 1,253,490 |
| Net profit margin | -0.62% | 3.87% | 9.24% | -1.52% | -0.38% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-10,274K ÷ $1,661,860K
= -0.62%
The net profit margin of Sonos Inc has shown variability over the past five years. In the most recent fiscal year ending on September 30, 2023, the net profit margin was negative at -0.62%, indicating that the company experienced a loss relative to its revenue. This contrasts with the positive net profit margins in the preceding two years, with 3.85% as of October 1, 2022, and 9.24% as of October 2, 2021. However, the company incurred a negative net profit margin of -1.52% as of October 3, 2020, and -0.38% as of September 28, 2019. The fluctuation in net profit margin may suggest changes in the company's cost structure, pricing strategies, or overall profitability. Further analysis of the company's operating expenses, revenue growth, and cost management practices could provide insights into the drivers behind these fluctuations.
Peer comparison
Sep 30, 2023