Wolverine World Wide Inc (WWW)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 47,900 | -39,600 | -189,100 | 68,600 | -138,600 |
| Revenue | US$ in thousands | 1,755,000 | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 |
| Net profit margin | 2.73% | -1.77% | -7.04% | 2.84% | -7.74% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $47,900K ÷ $1,755,000K
= 2.73%
Wolverine World Wide Inc's net profit margin has exhibited fluctuations over the past five years. In December 2020, the company reported a negative net profit margin of -7.74%, indicating that its expenses outweighed its revenues, resulting in a loss. However, by December 2021, Wolverine World Wide Inc managed to improve its performance significantly, achieving a net profit margin of 2.84%, suggesting that the company generated more profit relative to its revenue.
The following year, in December 2022, the net profit margin declined again to -7.04%, signifying a return to negative territory, possibly due to increased costs or lower sales volume. However, by December 2023, there was a slight improvement as the net profit margin narrowed to -1.77%, indicating some progress in controlling expenses and enhancing profitability.
Finally, by the end of December 2024, Wolverine World Wide Inc experienced a positive turnaround with a net profit margin of 2.73%, reflecting a noteworthy recovery in profitability compared to the previous year. Overall, the company's net profit margin has been volatile, with periodic losses alternating with periods of profitability, suggesting the need for continued monitoring and strategic financial management to sustain positive performance.
Peer comparison
Dec 31, 2024