Weatherford International PLC (WFRD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 417,000 | 26,000 | -450,000 | -1,921,000 | 3,661,000 |
| Revenue | US$ in thousands | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 | 4,954,000 |
| Net profit margin | 8.30% | 0.60% | -12.35% | -52.13% | 73.90% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $417,000K ÷ $5,023,000K
= 8.30%
Weatherford International plc's net profit margin has shown a positive trend over the past three years. It significantly improved from -12.35% in 2021 to 8.12% in 2023, indicating a substantial turnaround in profitability. This positive change suggests that the company has successfully enhanced its operational efficiency and cost management, resulting in a higher proportion of revenue translating into net profit. The significant increase in net profit margin from 2022 (0.60%) to 2023 (8.12%) reflects Weatherford International's successful efforts in boosting profitability and creating value for its shareholders.
Peer comparison
Dec 31, 2023