Timken Company (TKR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 352,700 | 408,000 | 407,400 | 369,100 | 284,500 |
| Revenue | US$ in thousands | 4,573,000 | 4,769,000 | 4,496,700 | 4,132,900 | 3,513,200 |
| Net profit margin | 7.71% | 8.56% | 9.06% | 8.93% | 8.10% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $352,700K ÷ $4,573,000K
= 7.71%
The net profit margin of Timken Company has shown a mixed trend over the past five years, ranging from 7.71% to 9.06%. The company experienced a notable increase in its net profit margin from 8.10% in December 2020 to 9.06% in December 2022, indicating improved efficiency in converting revenue into profit. However, in the following years, the net profit margin slightly decreased to 8.56% in December 2023 and further to 7.71% by December 2024.
Overall, while the company has been able to maintain a relatively solid net profit margin, the recent decline suggests a potential need for management to focus on cost control or revenue generation strategies to sustain profitability levels in the future.
Peer comparison
Dec 31, 2024