Vestis Corporation (VSTS)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 20,970 | 213,158 | 141,679 | 74,270 | 111,647 |
| Revenue | US$ in thousands | 2,800,900 | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Net profit margin | 0.75% | 7.54% | 5.27% | 3.02% | 4.36% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $20,970K ÷ $2,800,900K
= 0.75%
The net profit margin of Vestis Corporation has shown fluctuations over the past five years. In the most recent fiscal year ending September 30, 2024, the net profit margin was 0.75%, which represents a significant decrease compared to the previous year's margin of 7.54% in 2023.
The company's net profit margin was relatively stable around the 5% range in the fiscal years 2022 and 2021, with margins of 5.27% and 3.02% respectively. In the fiscal year 2020, the net profit margin was 4.36%.
The declining trend in the net profit margin from 2023 to 2024 may indicate potential challenges in generating profits relative to revenues. It is important for Vestis Corporation to closely monitor and address any factors impacting profitability to ensure sustainable financial performance in the future.
Peer comparison
Sep 30, 2024