Travel + Leisure Co (TNL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 396,000 | 357,000 | 308,000 | -255,000 | 507,000 |
| Revenue | US$ in thousands | 3,750,000 | 3,567,000 | 3,134,000 | 2,160,000 | 4,043,000 |
| Net profit margin | 10.56% | 10.01% | 9.83% | -11.81% | 12.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $396,000K ÷ $3,750,000K
= 10.56%
The net profit margin of Travel+Leisure Co has shown varying trends over the past five years. In 2023, the net profit margin improved to 10.56% compared to 10.01% in 2022 and 9.83% in 2021, indicating an increasing profitability. However, it is important to note that in 2020, the net profit margin was negative at -11.81%, which could be a cause for concern. The significant improvement from a negative margin in 2020 to a positive margin in subsequent years reflects efforts to enhance the company's profitability. In 2019, the net profit margin was relatively high at 12.54%, which suggests better performance compared to the following years. Overall, while the recent increase in net profit margin is a positive sign, it is essential for Travel+Leisure Co to sustain and further improve its profitability in the future years.
Peer comparison
Dec 31, 2023