Taylor Morn Home (TMHC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 768,929 | 1,052,800 | 663,026 | 243,439 | 254,652 |
| Revenue | US$ in thousands | 7,417,830 | 8,224,920 | 7,501,260 | 6,129,320 | 4,762,060 |
| Net profit margin | 10.37% | 12.80% | 8.84% | 3.97% | 5.35% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $768,929K ÷ $7,417,830K
= 10.37%
The net profit margin of Taylor Morrison Home Corp. has fluctuated over the past five years. In 2023, the net profit margin was 10.37%, a decrease from the previous year's 12.80% but still higher than the margins in 2021, 2020, and 2019, which were 8.84%, 3.97%, and 5.35% respectively. This indicates that the company was more efficient in generating profits from its revenue in 2023 compared to the prior two years but not as efficient as in 2022. The variability in the net profit margin suggests that Taylor Morrison Home Corp. may have experienced changes in its cost structure, revenue mix, or operational efficiency during the period under review.
Peer comparison
Dec 31, 2023