TTM Technologies Inc (TTMI)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	56,299	68,467	17,090	-2,438	-18,718	-30,039	50,555	71,523	94,583	96,953	74,383	74,852	54,414	84,987	22,578	187,127	189,145	175,444	232,765	43,379
Revenue (ttm)	US$ in thousands	2,442,753	2,360,827	2,316,871	2,258,243	2,232,567	2,280,684	2,379,182	2,458,223	2,495,046	2,476,031	2,361,735	2,303,568	2,248,740	2,174,401	2,131,193	2,134,108	2,105,322	2,300,773	2,504,014	2,566,754
Net profit margin		2.30%	2.90%	0.74%	-0.11%	-0.84%	-1.32%	2.12%	2.91%	3.79%	3.92%	3.15%	3.25%	2.42%	3.91%	1.06%	8.77%	8.98%	7.63%	9.30%	1.69%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $56,299K ÷ $2,442,753K
= 2.30%

The net profit margin of TTM Technologies Inc has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2021, the company experienced a generally positive trend with the net profit margin ranging from 1.69% to 8.98%. However, the net profit margin dropped to 1.06% in June 30, 2021, and later recovered to around 3-4% range from September 30, 2021, to June 30, 2022.

During the latter half of 2022 and the beginning of 2023, TTM Technologies Inc faced some challenges as indicated by the net profit margin declining to negative figures, hitting its lowest point at -1.32% in September 30, 2023. The company managed to improve its performance by increasing the net profit margin to above 2% in the following quarters, reaching 2.90% on September 30, 2024.

Overall, it is evident that TTM Technologies Inc has experienced fluctuations in its net profit margin over the years, with periods of profitability followed by challenges in maintaining positive margins. It will be important for the company to focus on strategies to stabilize and improve its profitability in the future.