Trimble Inc (TRMB)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 311,300 | 333,900 | 344,800 | 468,200 | 449,700 | 479,400 | 517,600 | 488,500 | 492,700 | 557,700 | 518,400 | 442,500 | 389,900 | 488,900 | 482,300 | 513,900 | 514,300 | 321,500 | 317,100 | 286,600 |
| Revenue (ttm) | US$ in thousands | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Net profit margin | 8.15% | 9.31% | 9.72% | 12.90% | 12.20% | 12.58% | 13.49% | 13.02% | 13.46% | 15.65% | 15.01% | 13.64% | 12.37% | 15.53% | 15.36% | 15.76% | 15.72% | 9.88% | 9.71% | 9.03% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $311,300K ÷ $3,821,600K
= 8.15%
Net profit margin measures the proportion of revenue that translates into net income after accounting for all expenses. Trimble Inc's net profit margin has demonstrated some variability over the past few quarters, ranging from a low of 8.15% in December 2023 to a high of 15.76% in March 2020.
The trend over the past two years shows a general fluctuation in the net profit margin, with some quarters showing improvements while others exhibit declines. Notably, the net profit margin was relatively stable around the 15% mark in the mid to late 2021 period, indicating efficient cost management and strong profitability. However, more recent quarters have seen a slight decrease in the net profit margin, possibly due to increasing expenses or changes in revenue streams.
Overall, while the net profit margin for Trimble Inc has shown some volatility, it is essential for the company to monitor and manage its costs effectively to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2023