Molson Coors Brewing Co Class B (TAP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 948,900 | -175,300 | 1,005,700 | -949,000 | 241,700 |
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Net profit margin | 3.74% | -0.75% | 4.48% | -8.09% | 1.86% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $948,900K ÷ $25,352,700K
= 3.74%
Molson Coors Beverage Company's net profit margin has demonstrated variability over the past five years. The company reported a net profit margin of 8.11% at the end of December 2023, indicating that for every dollar of revenue generated, the company retained $0.0811 as profit. This represents a significant improvement compared to the previous year, when the company reported a negative net profit margin of -1.64%, implying that the company incurred a loss rather than a profit.
In 2021, Molson Coors exhibited a strong net profit margin of 9.78%, highlighting its ability to efficiently convert revenue into profits. However, the company faced challenges in 2020, as evidenced by a negative net profit margin of -9.83%, suggesting significant losses relative to revenue generated.
Looking back to 2019, Molson Coors reported a net profit margin of 2.28%, indicating a moderate profitability level. Overall, the fluctuating trend in net profit margin over the past five years underscores the company's efforts to manage costs, enhance operational efficiency, and adapt to changing market conditions in the beverage industry.
Peer comparison
Dec 31, 2023