Vestis Corporation (VSTS)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 213,158 | 141,679 | 74,270 | 111,647 |
| Revenue | US$ in thousands | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Net profit margin | 7.54% | 5.27% | 3.02% | 4.36% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $213,158K ÷ $2,825,290K
= 7.54%
The net profit margin of Vestis Corporation has shown a positive trend over the past four years, increasing from 4.36% in 2020 to 7.54% in 2023. This improvement signifies that the company has been able to effectively manage its expenses and generate more profit relative to its revenue. A higher net profit margin indicates that Vestis Corporation is more efficient in converting revenue into actual profit. This could be a result of cost-control measures, revenue growth, or operational efficiency improvements. Overall, the increasing net profit margin reflects positively on the financial performance and profitability of Vestis Corporation.
Peer comparison
Sep 30, 2023