Trimble Inc (TRMB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 311,300 | 449,700 | 492,700 | 389,900 | 514,300 |
| Revenue | US$ in thousands | 3,798,700 | 3,676,300 | 3,659,400 | 3,152,000 | 3,271,300 |
| Net profit margin | 8.19% | 12.23% | 13.46% | 12.37% | 15.72% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $311,300K ÷ $3,798,700K
= 8.19%
To analyze Trimble Inc's net profit margin over the past five years, we observe a fluctuating trend. In 2019, the net profit margin was at its highest level at 15.72%, indicating that the company was able to generate significant profits relative to its revenues. However, in the following years, the net profit margin exhibited a downward trend, with values of 12.37% in 2020, 13.46% in 2021, and 12.23% in 2022.
The most recent data for 2023 shows a further decrease in the net profit margin to 8.19%. This decline suggests that the company's profitability has been under pressure, potentially due to various factors such as increasing costs, pricing pressures, or changes in revenue streams.
Overall, the decreasing trend in Trimble Inc's net profit margin signals a potential challenge in maintaining profitability levels. It may be vital for the company to evaluate its cost structures, pricing strategies, and revenue streams to improve profitability and sustain long-term financial performance.
Peer comparison
Dec 31, 2023