Verizon Communications Inc (VZ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 11,614,000 | 21,256,000 | 22,065,000 | 17,801,000 | 19,265,000 |
| Revenue | US$ in thousands | 133,974,000 | 136,835,000 | 133,613,000 | 128,292,000 | 131,868,000 |
| Net profit margin | 8.67% | 15.53% | 16.51% | 13.88% | 14.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $11,614,000K ÷ $133,974,000K
= 8.67%
Verizon Communications Inc's net profit margin has shown some fluctuation over the past five years. In 2023, the net profit margin decreased to 8.67% from 15.53% in 2022. This decrease may indicate a lower proportion of each dollar of revenue that translates into profit after all expenses are accounted for. However, it is important to note that the net profit margin in 2023 is still positive, indicating the company's ability to generate profit.
Comparing the net profit margin in 2023 to previous years, it is lower than the margins achieved in 2021 (16.51%) and 2019 (14.61%), but higher than the margin in 2020 (13.88%). The fluctuations in the net profit margin over the years may be influenced by various factors such as changes in revenues, operating expenses, and one-time events impacting profitability.
Overall, further analysis of Verizon Communications Inc's financial statements and performance indicators may be necessary to understand the underlying reasons for the changes in the net profit margin and to assess the company's financial health and profitability trends accurately.
Peer comparison
Dec 31, 2023