YETI Holdings Inc (YETI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 169,885 | 89,693 | 212,602 | 155,801 | 50,434 |
| Revenue | US$ in thousands | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 | 913,734 |
| Net profit margin | 10.24% | 5.62% | 15.07% | 14.27% | 5.52% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $169,885K ÷ $1,658,710K
= 10.24%
The net profit margin of YETI Holdings Inc has experienced fluctuations over the past five years, as indicated by the data provided. In 2023, the net profit margin has increased to 10.24% compared to 5.62% in 2022, reflecting an improvement in the company's profitability. However, it is noteworthy that the net profit margin was higher in 2021 at 15.07% and in 2020 at 14.27%. The significant increase in profitability from 2020 to 2021 may have been driven by various internal and external factors, such as cost management, revenue growth, or economic conditions.
It is important for stakeholders to monitor the trend of the net profit margin as it provides insights into the company's ability to generate profit from its revenue. A higher net profit margin indicates better efficiency in controlling costs and generating profits, while a declining margin may signal challenges in maintaining profitability. Further analysis, including comparing YETI's net profit margin to industry peers and considering the company's overall financial performance, would provide a more comprehensive understanding of its profitability dynamics.
Peer comparison
Dec 31, 2023