Upbound Group Inc. (UPBD)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-5,179	12,357	134,940	208,115	173,546
Revenue	US$ in thousands	3,992,410	4,245,390	4,583,450	2,814,190	2,669,850
Net profit margin		-0.13%	0.29%	2.94%	7.40%	6.50%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-5,179K ÷ $3,992,410K
= -0.13%

The net profit margin of Upbound Group Inc. has shown a declining trend over the past five years, with values of 6.50% in 2019, 7.40% in 2020, 2.94% in 2021, 0.29% in 2022, and -0.13% in 2023. This decline indicates that the company's profitability relative to its revenue has worsened over time. Factors impacting this trend could include rising costs, pricing pressures, or inefficiencies in operations. Further analysis is recommended to identify the specific reasons behind this downward trajectory and to implement strategies to improve the company's profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Upbound Group Inc.

UPBD

-0.13%

Air Lease Corporation