Triumph Group Inc (TGI)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 512,384 | 89,593 | -42,758 | -450,910 | -29,433 |
| Revenue | US$ in thousands | 1,192,040 | 1,379,130 | 1,459,940 | 1,869,720 | 2,900,120 |
| Net profit margin | 42.98% | 6.50% | -2.93% | -24.12% | -1.01% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $512,384K ÷ $1,192,040K
= 42.98%
The net profit margin of Triumph Group Inc has shown significant fluctuations over the past five years. The company's net profit margin was negative in both 2021 and 2020, indicating that the company experienced losses in those years. However, there has been a notable improvement in profitability in the subsequent years, with the net profit margin rising to 42.98% in 2024, signifying a strong performance in generating profits relative to its revenue.
The increase in net profit margin suggests that Triumph Group Inc has effectively managed its costs and expenses in recent years, allowing for a significant portion of revenue to translate into net income. This improved profitability trend is a positive signal for investors and stakeholders, indicating potentially better financial health and operational efficiency within the company.
It is essential for Triumph Group Inc to sustain and potentially build upon this positive trend in net profit margin to ensure long-term profitability and sustainable growth. Continued focus on cost management, operational efficiency, and revenue growth strategies will be crucial for maintaining and enhancing the company's financial performance in the future.
Peer comparison
Mar 31, 2024