Trex Company Inc (TREX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 205,384 | 184,626 | 208,737 | 175,631 | 144,738 |
| Revenue | US$ in thousands | 1,091,690 | 1,090,750 | 1,197,010 | 881,886 | 746,565 |
| Net profit margin | 18.81% | 16.93% | 17.44% | 19.92% | 19.39% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $205,384K ÷ $1,091,690K
= 18.81%
The net profit margin of TREX Co., Inc. has demonstrated fluctuation over the past five years. In 2023, the net profit margin improved to 18.76% compared to 16.69% in the previous year. Despite this improvement, the margin in 2023 remains below the levels recorded in 2020 and 2019.
The company experienced a slight dip in net profit margin in 2022, after achieving a higher margin in 2021. The highest net profit margin was observed in 2020 at 19.94%, followed closely by 2019 at 19.42%.
Overall, the trend in the net profit margin of TREX Co., Inc. indicates variability, possibly influenced by changes in revenue, costs, or other factors impacting profitability. Monitoring this metric over time can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023