Woodward Inc (WWD)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 232,368 | 171,698 | 208,649 | 240,395 | 259,602 |
| Revenue | US$ in thousands | 2,865,510 | 2,353,550 | 2,214,170 | 2,467,570 | 2,857,210 |
| Net profit margin | 8.11% | 7.30% | 9.42% | 9.74% | 9.09% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $232,368K ÷ $2,865,510K
= 8.11%
The net profit margin of Woodward Inc has shown some variability over the past five years. In 2023, the net profit margin was 7.97%, which represents a slight increase from 7.21% in 2022. However, this is lower compared to 2019 and 2020 when the net profit margin was 9.63% and 8.95% respectively. In 2021, the net profit margin dropped to 9.29%, indicating a decrease from the previous year.
This variability in net profit margin suggests that Woodward Inc may have experienced fluctuations in its profitability over the years, which could be influenced by changes in expenses, revenues, and other factors. It is important for the company to closely monitor its cost structure and consider strategies to maintain or improve its profit margin in order to ensure sustainable and consistent profitability.