Visteon Corp (VC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 486,000 | 124,000 | 41,000 | -56,000 | 70,000 |
| Revenue | US$ in thousands | 3,954,000 | 3,756,000 | 2,773,000 | 2,548,000 | 2,945,000 |
| Net profit margin | 12.29% | 3.30% | 1.48% | -2.20% | 2.38% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $486,000K ÷ $3,954,000K
= 12.29%
The net profit margin of Visteon Corp. has shown variability over the past five years. In 2023, the net profit margin improved significantly to 12.29%, indicating that the company generated a higher percentage of profit relative to its revenue compared to the previous years. This improvement suggests that Visteon Corp. effectively managed its expenses and operations to enhance profitability.
In contrast, the net profit margin was lower in 2022 at 3.30%, though it still remained positive. The company experienced a minimal profit margin in 2021 at 1.48%, demonstrating a modest profitability level. Notably, Visteon Corp. incurred a net loss in 2020 with a negative net profit margin of -2.20%, indicating that the company's expenses exceeded its revenue during that period.
In 2019, Visteon Corp. managed to achieve a positive net profit margin of 2.38%, suggesting a modest level of profitability compared to 2023. Overall, the fluctuation in net profit margin over the years indicates varying levels of efficiency in managing costs and generating profits for the company.
Peer comparison
Dec 31, 2023