Vector Group Ltd (VGR)
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 | 183,526 | 173,679 | 159,836 | 160,900 | 158,701 | 155,863 | 165,896 | 220,048 | 219,463 | 206,407 | 195,657 | 128,126 | 92,938 | 71,388 | 69,257 | 82,790 | 100,974 | 111,342 | 87,336 | 65,847 |
| Revenue (ttm) | US$ in thousands | 1,424,268 | 1,427,688 | 1,441,572 | 1,463,112 | 1,441,009 | 1,390,912 | 1,311,402 | 1,261,754 | 1,220,700 | 1,489,747 | 1,739,093 | 1,847,299 | 2,030,799 | 1,921,951 | 1,878,910 | 1,971,582 | 1,938,018 | 1,910,085 | 1,867,283 | 1,765,154 |
| Net profit margin | 12.89% | 12.17% | 11.09% | 11.00% | 11.01% | 11.21% | 12.65% | 17.44% | 17.98% | 13.86% | 11.25% | 6.94% | 4.58% | 3.71% | 3.69% | 4.20% | 5.21% | 5.83% | 4.68% | 3.73% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $183,526K ÷ $1,424,268K
= 12.89%
The net profit margin of Vector Group Ltd has displayed variability over the past eight quarters. In the most recent quarter, Q4 2023, the net profit margin was 12.53%, showing a slight increase from the previous quarter. However, it is important to note that the net profit margin was significantly higher in the same quarter of the previous year, Q4 2022, at 40.35%.
Throughout the quarters in 2023, the net profit margin has been relatively stable, ranging from 10.66% to 12.53%. This stability indicates consistent profitability relative to revenue during that period. However, the comparison to the exceptionally high net profit margin in the fourth quarter of 2022 highlights a significant decrease in profitability over the year.
Furthermore, the net profit margin experienced a sharp decline from the fourth quarter of 2022 to the first quarter of 2023, from 40.35% to 10.66%. This substantial decrease suggests potential shifts in factors influencing profitability, such as cost management, revenue generation, or economic conditions.
Overall, while Vector Group Ltd's net profit margin has shown some fluctuation, particularly when compared to previous quarters, it remains relatively healthy, reflecting the company's ability to generate profits from its revenue. Monitoring and understanding the factors driving these fluctuations will be crucial for stakeholders seeking to assess the company's financial performance and prospects.
Peer comparison
Dec 31, 2023