YETI Holdings Inc (YETI)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 58.11% | 56.86% | 47.86% | 57.84% | 57.60% |
| Operating profit margin | 13.41% | 13.59% | 7.92% | 19.49% | 19.62% |
| Pretax margin | 12.72% | 13.62% | 7.28% | 19.02% | 18.80% |
| Net profit margin | 9.60% | 10.24% | 5.62% | 15.07% | 14.27% |
YETI Holdings Inc's profitability ratios show fluctuations over the years. The gross profit margin remained relatively stable between 2020 and 2024, ranging from 47.86% to 58.11%. This indicates that the company was able to maintain healthy margins on its products despite some variability.
However, the operating profit margin decreased significantly from 19.62% in 2020 to 7.92% in 2022 before gradually improving to 13.41% in 2024. This suggests that the company faced challenges in controlling its operating expenses and improving operational efficiency in 2022.
Similarly, the pretax margin experienced a notable decline from 18.80% in 2020 to 7.28% in 2022, before recovering to 12.72% in 2024. This indicates that YETI had difficulties in generating profit before taxes in 2022, possibly due to higher costs or lower revenue.
The net profit margin also exhibited a downward trend, dropping from 14.27% in 2020 to 5.62% in 2022, and then slowly increasing to 9.60% in 2024. This indicates that the company's bottom line profitability was affected by various factors during this period.
Overall, YETI Holdings Inc's profitability ratios reflect a mix of stability and challenges in different years, highlighting the importance of closely monitoring operational efficiency and cost management to maintain profitability.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 19.08% | 17.38% | 11.74% | 25.08% | 29.07% |
| Return on assets (ROA) | 13.66% | 13.10% | 8.33% | 19.39% | 21.14% |
| Return on total capital | 30.18% | 28.28% | 20.17% | 44.29% | 53.66% |
| Return on equity (ROE) | 23.74% | 23.48% | 17.04% | 41.06% | 54.02% |
YETI Holdings Inc's profitability ratios have shown some fluctuations over the past five years.
1. Operating return on assets (Operating ROA) has decreased from 29.07% in 2020 to 25.08% in 2021, followed by a significant drop to 11.74% in 2022. However, there was a recovery to 17.38% in 2023 and a further improvement to 19.08% in 2024. This ratio indicates how efficiently the company is generating profits from its assets solely related to operations.
2. Return on assets (ROA) has followed a similar trend, starting at 21.14% in 2020, dropping to 19.39% in 2021, and reaching its lowest point at 8.33% in 2022. There was a recovery to 13.10% in 2023 and a slight increase to 13.66% in 2024. This ratio measures the overall profitability of the company in relation to its total assets.
3. Return on total capital started at 53.66% in 2020, decreasing to 44.29% in 2021, and then dropping significantly to 20.17% in 2022. There was a recovery to 28.28% in 2023 and a further improvement to 30.18% in 2024. This ratio shows how well the company is generating returns for both debt and equity investors.
4. Return on equity (ROE) began at 54.02% in 2020, decreasing to 41.06% in 2021, and then dropping to 17.04% in 2022. There was a slight improvement to 23.48% in 2023 and a similar figure of 23.74% in 2024. ROE measures the return that YETI Holdings Inc generates on shareholder equity.
Overall, YETI Holdings Inc's profitability ratios have experienced fluctuations, but the company has managed to show some improvements in profitability in the more recent years. Continued monitoring of these ratios will be essential to assess the company's financial performance and efficiency in utilizing its assets and capital.