Weatherford International PLC (WFRD)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,000 | 417,000 | 26,000 | -450,000 | -1,921,000 |
| Revenue | US$ in thousands | 5,505,000 | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 |
| Net profit margin | 9.19% | 8.30% | 0.60% | -12.35% | -52.13% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $506,000K ÷ $5,505,000K
= 9.19%
The net profit margin of Weatherford International PLC has shown a significant improvement over the past few years. Starting at a substantial negative figure of -52.13% as of December 31, 2020, the company managed to narrow its losses, achieving a net profit margin of -12.35% by the end of 2021.
The trend continued positively in the following years, with the net profit margin turning positive at 0.60% by the end of 2022. This marked a significant turning point for the company as it continued to increase its profitability further. By December 31, 2023, the net profit margin rose to 8.30%, indicating an impressive growth in profitability.
Continuing this positive trajectory, Weatherford International PLC’s net profit margin reached 9.19% by December 31, 2024, reflecting a steady improvement in the company's ability to convert revenue into profit. This trend suggests that the company has been successful in implementing strategies to enhance efficiency and control costs, ultimately leading to improved profitability and financial performance.
Peer comparison
Dec 31, 2024