Valmont Industries Inc (VMI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 150,849 | 433,249 | 195,630 | 140,693 | 153,769 |
| Revenue | US$ in thousands | 4,116,820 | 4,345,250 | 3,459,920 | 2,854,220 | 2,732,240 |
| Net profit margin | 3.66% | 9.97% | 5.65% | 4.93% | 5.63% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $150,849K ÷ $4,116,820K
= 3.66%
The net profit margin of Valmont Industries Inc has shown fluctuations over the past five years. In 2023, the net profit margin stood at 3.66%, a decrease from the previous year's 9.97%. This significant decline raises concerns about the company's ability to efficiently manage its expenses and generate profits from its operations. Comparing the 2023 figure to 2021 and 2020, where the net profit margins were 5.65% and 4.93% respectively, it is evident that profitability has decreased. However, it is worth noting that the net profit margin in 2023 is slightly lower than in 2019, when it was 5.63%.
Overall, Valmont Industries Inc's net profit margin has shown inconsistency in recent years, indicating potential challenges in maintaining profitability and efficiency within the company. Further analysis of the company's financial performance and cost structures may be warranted to identify areas for improvement.
Peer comparison
Dec 31, 2023