Vector Group Ltd (VGR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 183,526 | 158,701 | 219,463 | 92,938 | 100,974 |
| Revenue | US$ in thousands | 1,424,270 | 1,441,010 | 1,220,700 | 1,228,680 | 1,119,600 |
| Net profit margin | 12.89% | 11.01% | 17.98% | 7.56% | 9.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $183,526K ÷ $1,424,270K
= 12.89%
Vector Group Ltd's net profit margin has shown some variability over the past five years based on the provided data. In 2023, the net profit margin stood at 12.53%, representing a slight increase compared to the previous year's figure of 10.67%. This indicates that the company was able to convert a higher percentage of its revenue into profit in 2023.
Looking further back, in 2021, Vector Group Ltd achieved a net profit margin of 17.50%, which was notably higher compared to both the 2022 and 2023 figures. This implies that the company was more efficient in generating profits relative to its revenue in 2021.
On the other hand, in 2020 and 2019, the net profit margin was lower at 4.51% and 4.91%, respectively. These lower margins suggest that the company faced challenges in generating profits from its operations during those years.
In conclusion, Vector Group Ltd's net profit margin has shown fluctuations over the past five years, with improvements in some years and lower figures in others. It will be important for stakeholders to monitor this metric closely to assess the company's profitability performance and efficiency in converting revenue into profits.
Peer comparison
Dec 31, 2023