World Kinect Corporation (WKC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 67,400 | 52,900 | 114,100 | 73,700 | 109,600 |
| Revenue | US$ in thousands | 42,168,000 | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 |
| Net profit margin | 0.16% | 0.11% | 0.19% | 0.24% | 0.54% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $67,400K ÷ $42,168,000K
= 0.16%
World Kinect Corporation's net profit margin has shown a declining trend over the years, dropping from 0.54% on December 31, 2020, to 0.16% on December 31, 2024. This indicates that the company's profitability relative to its revenue has been decreasing. A declining net profit margin may suggest challenges in controlling costs or generating sufficient revenue to maintain profitability. It is important for the company to closely monitor its cost structure and revenue streams to improve efficiency and boost profitability in the future.