VeriSign Inc (VRSN)
Net profit margin
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 785,700 | 817,600 | 673,800 | 784,830 | 814,888 |
Revenue | US$ in thousands | 1,557,400 | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 |
Net profit margin | 50.45% | 54.76% | 47.29% | 59.12% | 64.41% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $785,700K ÷ $1,557,400K
= 50.45%
From the provided data, VeriSign Inc's net profit margin has exhibited some fluctuations over the years. The net profit margin, which represents the percentage of revenue that translates into profit after all expenses are considered, was at 64.41% on December 31, 2020. This high net profit margin indicates that VeriSign Inc was able to effectively control costs and generate significant profits relative to its revenue at that time.
However, by December 31, 2021, the net profit margin had decreased to 59.12%, showing a slight decline in profitability. This could be attributed to various factors such as increased expenses or changes in revenue streams.
In the following years, the net profit margin continued to fluctuate. It dropped to 47.29% by December 31, 2022, before rebounding to 54.76% by December 31, 2023. Finally, by December 31, 2024, the net profit margin was recorded at 50.45%.
Overall, while VeriSign Inc's net profit margin has shown variability, it generally remained at a relatively high level compared to industry averages. The fluctuations observed over the years may indicate changes in the company's cost structure, revenue composition, or other operational factors that have impacted its profitability. It would be important for stakeholders to closely monitor these fluctuations and assess the underlying reasons behind them to ensure sustained financial performance.
Peer comparison
Dec 31, 2024