United Parcel Service Inc (UPS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,708,000 | 11,548,000 | 12,890,000 | 1,343,000 | 4,440,000 |
| Revenue | US$ in thousands | 90,120,000 | 99,706,000 | 96,557,000 | 83,936,000 | 73,435,000 |
| Net profit margin | 7.44% | 11.58% | 13.35% | 1.60% | 6.05% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $6,708,000K ÷ $90,120,000K
= 7.44%
The net profit margin of United Parcel Service, Inc. has exhibited fluctuations over the past five years. In 2023, the net profit margin decreased to 7.37% from 11.51% in 2022, indicating a decline in profitability. However, compared to 2020 and 2019, the 2023 net profit margin shows an improvement. In 2021, the net profit margin was at its highest at 13.25%, highlighting a strong profitability performance. The significant increase from 2020 to 2021 suggests effective cost management or revenue growth strategies. Overall, while there was a recent decline in net profit margin, historical data indicates varying levels of profitability for United Parcel Service, Inc.