T-Mobile US Inc (TMUS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 8,317,000 | 2,590,000 | 3,024,000 | 3,064,000 | 3,468,000 |
| Revenue | US$ in thousands | 77,477,000 | 78,416,000 | 75,841,000 | 64,173,000 | 42,982,000 |
| Net profit margin | 10.73% | 3.30% | 3.99% | 4.77% | 8.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $8,317,000K ÷ $77,477,000K
= 10.73%
The net profit margin for T-Mobile US Inc has shown fluctuations over the past five years. In 2019, the company had a net profit margin of 7.71%, which then decreased to 4.48% in 2020 before increasing to 3.77% in 2021. Subsequently, there was a significant improvement in the net profit margin to 3.25% in 2022, followed by a notable upturn to 10.59% in 2023.
The increase in the net profit margin from 2022 to 2023 indicates a positive trend in the company's profitability. This improvement suggests that T-Mobile US Inc became more efficient in managing its costs or generating higher revenues relative to its net income. Overall, the recent surge in the net profit margin highlights a potentially stronger financial performance for the company in 2023 compared to the previous years.