Wolverine World Wide Inc (WWW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -39,600 | -188,300 | 68,600 | -136,900 | 128,500 |
| Revenue | US$ in thousands | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 | 2,273,700 |
| Net profit margin | -1.77% | -7.01% | 2.84% | -7.64% | 5.65% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-39,600K ÷ $2,242,900K
= -1.77%
Wolverine World Wide Inc's net profit margin has fluctuated over the past five years, ranging from a low of -7.64% in December 2020 to a high of 5.65% in December 2019. The company experienced negative net profit margins in two out of the five years, with the lowest being -7.01% in December 2022. However, there was a positive trend in net profit margin from 2019 to 2021, reflecting an improvement in profitability. In December 2023, the net profit margin decreased to -1.77%, indicating a decline in profitability compared to the previous year. Overall, Wolverine World Wide Inc's net profit margin performance has shown variability, with periods of both profitability and loss.
Peer comparison
Dec 31, 2023