Ufp Industries Inc (UFPI)
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 | 514,312 | 543,454 | 576,660 | 629,017 | 692,651 | 697,968 | 651,768 | 622,032 | 535,640 | 460,686 | 416,849 | 309,930 | 246,778 | 221,562 | 196,217 | 184,269 | 179,650 | 172,416 | 161,776 | 151,305 |
| Revenue (ttm) | US$ in thousands | 7,218,390 | 7,607,740 | 8,102,960 | 8,959,910 | 9,626,740 | 9,729,840 | 9,500,760 | 9,300,430 | 8,636,120 | 8,013,030 | 7,405,480 | 5,946,940 | 5,154,000 | 4,758,330 | 4,435,130 | 4,432,950 | 4,416,010 | 4,406,151 | 4,455,821 | 4,510,441 |
| Net profit margin | 7.13% | 7.14% | 7.12% | 7.02% | 7.20% | 7.17% | 6.86% | 6.69% | 6.20% | 5.75% | 5.63% | 5.21% | 4.79% | 4.66% | 4.42% | 4.16% | 4.07% | 3.91% | 3.63% | 3.35% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $514,312K ÷ $7,218,390K
= 7.13%
Net profit margin for Ufp Industries Inc has shown a generally positive trend over the past few quarters, with fluctuations within a relatively narrow range. The company's net profit margin increased steadily from 3.35% in the first quarter of 2019 to 7.13% in the fourth quarter of 2023. This indicates an improvement in the company's ability to generate profit from its sales over time.
The upward trend in net profit margin suggests that Ufp Industries Inc has been effectively managing its expenses and/or optimizing its revenue streams. A higher net profit margin is generally viewed favorably by investors and indicates that the company is efficient in converting its revenue into profit after accounting for all expenses.
It is important to note that while the net profit margin has been on an upward trajectory, there were fluctuations in some quarters, indicating potential variability in the company's efficiency in managing costs or generating revenue. Overall, the increasing trend in net profit margin reflects positively on Ufp Industries Inc's financial performance and profitability.