The Wendy’s Co (WEN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 204,440 | 177,370 | 200,392 | 117,832 | 136,940 |
| Revenue | US$ in thousands | 2,181,580 | 2,095,500 | 1,897,000 | 1,733,820 | 1,709,000 |
| Net profit margin | 9.37% | 8.46% | 10.56% | 6.80% | 8.01% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $204,440K ÷ $2,181,580K
= 9.37%
The net profit margin of Wendy's Co has fluctuated over the past five years, with a range of 6.80% to 10.56%.
In 2023, the net profit margin increased to 9.37% from 8.46% in 2022. This indicates that Wendy's Co was more efficient in converting its revenue into profit in 2023 compared to the previous year.
However, the net profit margin was highest in 2022 at 10.56%, showing strong profitability during that period.
On the other hand, the net profit margin was lowest in 2021 at 6.80%, suggesting a decrease in profitability and potential challenges faced by the company in that year.
Overall, Wendy's Co has shown varying levels of profitability over the past five years, with fluctuations in net profit margin reflecting changes in the company's financial performance.
Peer comparison
Dec 31, 2023