Interface Inc (TILE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,517 | 19,560 | 55,234 | -71,929 | 79,200 |
| Revenue | US$ in thousands | 1,225,740 | 1,263,670 | 1,170,720 | 1,074,020 | 1,317,370 |
| Net profit margin | 3.63% | 1.55% | 4.72% | -6.70% | 6.01% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $44,517K ÷ $1,225,740K
= 3.63%
Interface Inc.'s net profit margin has shown significant fluctuations over the past five years.
In 2023, the net profit margin improved to 3.53%, up from 1.51% in the previous year. This increase indicates that the company was able to generate more profit relative to its revenue in 2023 compared to 2022.
In 2022, the net profit margin was at 4.60%, showing a decrease from the previous year's margin of -6.52%. Despite the decline, the company managed to maintain a positive net profit margin, indicating some level of profitability.
The most significant improvement in net profit margin was observed in 2019, where Interface Inc. achieved a margin of 5.90%. This represented a significant recovery from the negative margin of -6.52% in 2021, showing the company's ability to turn around its profitability within a year.
Overall, Interface Inc.'s net profit margin has been subject to fluctuations, with both positive and negative trends. It is essential for the company to continue monitoring and managing its expenses and revenue streams to sustain and improve profitability over time.
Peer comparison
Dec 31, 2023