Ufp Industries Inc (UFPI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 514,312 | 692,651 | 535,640 | 246,778 | 179,650 |
| Revenue | US$ in thousands | 7,218,380 | 9,626,740 | 8,636,130 | 5,154,000 | 4,416,010 |
| Net profit margin | 7.13% | 7.20% | 6.20% | 4.79% | 4.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $514,312K ÷ $7,218,380K
= 7.13%
The net profit margin of Ufp Industries Inc has demonstrated a generally positive trend over the five-year period from 2019 to 2023. The margin increased from 4.07% in 2019 to 7.13% in 2023, indicating improved profitability in recent years. This upward trajectory suggests that the company has been effectively managing its costs and expenses relative to its revenue, resulting in a higher percentage of revenue translating into net profit. The consistent improvement in net profit margin year over year reflects a strengthening bottom line and enhanced efficiency in generating profits. Overall, the positive trend in net profit margin indicates that Ufp Industries Inc has been successful in enhancing its profitability performance over the period under review.