Tootsie Roll Industries Inc (TR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 86,827 | 91,912 | 75,937 | 65,326 | 58,995 |
| Revenue | US$ in thousands | 723,217 | 769,365 | 681,440 | 566,043 | 471,063 |
| Net profit margin | 12.01% | 11.95% | 11.14% | 11.54% | 12.52% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $86,827K ÷ $723,217K
= 12.01%
Tootsie Roll Industries Inc's net profit margin has shown some fluctuations over the past five years. The net profit margin was 12.52% as of December 31, 2020, indicating that for every dollar of revenue generated, the company retained $0.1252 as profit after accounting for all expenses.
Subsequently, the net profit margin decreased to 11.54% by December 31, 2021, and further declined to 11.14% by the end of 2022. This downward trend suggests that the company may have experienced challenges in controlling costs or achieving strong revenue growth relative to expenses during these periods.
However, there was a slight improvement in the net profit margin to 11.95% by December 31, 2023, followed by a further increase to 12.01% by the end of 2024. These improvements indicate that Tootsie Roll Industries Inc may have successfully implemented cost-saving measures or experienced revenue growth that outpaced any increases in expenses in these years.
Overall, while there have been fluctuations in Tootsie Roll Industries Inc's net profit margin over the past five years, the general trend has shown some stability and slight improvement towards the latter years. It would be important for the company to continue monitoring and managing its expenses effectively to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024