Wolfspeed Inc (WOLF)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -864,200 | -329,900 | -200,900 | -523,900 | -191,700 |
| Revenue | US$ in thousands | 807,400 | 878,100 | 699,200 | 478,000 | 880,600 |
| Net profit margin | -107.03% | -37.57% | -28.73% | -109.60% | -21.77% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-864,200K ÷ $807,400K
= -107.03%
The net profit margin of Wolfspeed Inc has exhibited significant fluctuations over the past five years. In particular, the company experienced negative net profit margins in four out of the five years, indicating that its expenses exceeded its revenues during those periods. The most notable performance was in the fiscal year ending June 30, 2021, where the net profit margin was a striking -109.60%, reflecting a substantial loss relative to its revenue.
While there was a slight improvement in the net profit margin in the following year ending June 30, 2022, with a margin of -28.73%, the company still struggled to achieve profitability. However, in the most recent fiscal year, ending June 30, 2023, there was a further improvement in net profit margin to -37.57%.
The latest data available, for the fiscal year ending June 30, 2024, reveals a concerning net profit margin of -107.03%, suggesting ongoing challenges in effectively managing expenses in relation to revenue generation. Overall, the negative net profit margins over the years indicate a need for Wolfspeed Inc to focus on cost control and revenue growth strategies to enhance its profitability in the future.
Peer comparison
Jun 30, 2024