Sonos Inc (SONO)
Net profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -38,146 | -16,292 | -43,572 | -4,515 | -10,274 | -43,102 | -20,128 | 19,090 | 67,383 | 122,706 | 141,129 | 149,784 | 158,595 | 185,750 | 110,944 | 41,403 | -20,114 | -68,125 | -25,154 | 4,342 |
| Revenue (ttm) | US$ in thousands | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Net profit margin | -2.50% | -1.03% | -2.81% | -0.28% | -0.61% | -2.56% | -1.20% | 1.07% | 3.85% | 6.83% | 7.83% | 8.63% | 9.24% | 10.95% | 7.08% | 2.94% | -1.52% | -5.32% | -1.95% | 0.33% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-38,146K ÷ $1,525,344K
= -2.50%
The net profit margin of Sonos Inc has shown fluctuations over the past few quarters. The trend indicates that the company's profitability has been inconsistent in recent periods. The net profit margin was negative in the recent quarters, with the lowest figure recorded in September 2024 at -2.50%. This suggests that the company's expenses exceeded its revenue during that period.
Overall, the company's profitability has been on a downward trend since March 2022, when the net profit margin was 7.83%. Subsequently, there has been a gradual decline in profitability, with the margin decreasing to -2.50% in September 2024. This indicates potential challenges in controlling costs or generating sufficient revenue to cover expenses.
It is essential for Sonos Inc to address the underlying issues impacting profitability to ensure sustainable financial performance in the future. This may involve implementing cost-saving measures, exploring revenue growth opportunities, or optimizing operational efficiency to improve the net profit margin.
Peer comparison
Sep 30, 2024