Trimble Inc (TRMB)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,504,400 | 311,300 | 449,700 | 492,800 | 389,900 |
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Net profit margin | 40.84% | 8.19% | 12.23% | 13.47% | 12.39% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,504,400K ÷ $3,683,300K
= 40.84%
The net profit margin of Trimble Inc has displayed fluctuations over the years based on the provided data. In December 31, 2020, the net profit margin was 12.39%, showing a moderate level of profitability. This margin increased to 13.47% by December 31, 2021, indicating improved profitability. However, by December 31, 2022, the net profit margin decreased to 12.23%, showcasing a slight decline in profitability.
The trend took a more significant downturn by December 31, 2023, with the net profit margin plummeting to 8.19%, reflecting a notable decrease in profitability. Nevertheless, by December 31, 2024, there was a substantial recovery as the net profit margin spiked to 40.84%, indicating a significant surge in profitability.
Overall, the net profit margin of Trimble Inc exhibited fluctuations, with periods of stability, decline, and remarkable improvement. It is advisable for stakeholders to further investigate the reasons behind these fluctuations to assess the company's financial performance effectively.
Peer comparison
Dec 31, 2024