Wabash National Corporation (WNC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 231,252 | 112,258 | 1,164 | -97,412 | 89,575 |
| Revenue | US$ in thousands | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 | 2,319,140 |
| Net profit margin | 9.12% | 4.49% | 0.06% | -6.57% | 3.86% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $231,252K ÷ $2,536,500K
= 9.12%
The net profit margin of Wabash National Corp. has shown fluctuating performance over the past five years. In 2023, the net profit margin improved significantly to 9.12%, indicating that the company was able to generate $0.0912 in net income for every dollar of revenue. This marks a positive trend compared to 2022, where the net profit margin was 4.49%.
Additionally, the company's net profit margin in 2021 was only 0.06%, reflecting very low profitability. In 2020, the net profit margin was negative at -6.57%, indicating that the company incurred losses as expenses exceeded revenues during that period.
Overall, the analysis of Wabash National Corp.'s net profit margin suggests that the company has shown varying levels of profitability in recent years. It is important for investors and stakeholders to monitor these fluctuations and consider the underlying factors driving the changes in profitability.