Whirlpool Corporation (WHR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 481,000 | -1,519,000 | 1,783,000 | 1,075,000 | 1,168,000 |
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Net profit margin | 2.53% | -8.57% | 8.14% | 5.58% | 5.65% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $481,000K ÷ $18,998,000K
= 2.53%
The net profit margin of Whirlpool Corp. has fluctuated over the past five years, ranging from as low as -7.70% in 2022 to a high of 8.11% in 2021. The net profit margin indicates the percentage of revenue that translates into profit after accounting for all expenses.
In 2023, Whirlpool Corp. reported a net profit margin of 2.47%, reflecting an improvement from the negative margin in 2022 but still relatively lower than the peak in 2021. This suggests that the company retained approximately 2.47% of its revenue as net income after all expenses were deducted.
Overall, the trend in the net profit margin of Whirlpool Corp. shows variability, indicating fluctuations in the company's ability to generate profit relative to its revenue in recent years. Further analysis of the company's cost structure, revenue streams, and operational efficiency may provide deeper insights into the factors influencing these fluctuations in the net profit margin.
Peer comparison
Dec 31, 2023