YETI Holdings Inc (YETI)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 175,689 | 201,128 | 187,501 | 175,176 | 169,885 | 63,554 | 66,417 | 74,598 | 89,693 | 190,312 | 197,759 | 207,738 | 212,602 | 202,115 | 200,593 | 177,844 | 155,801 | 98,149 | 68,006 | 56,747 |
| Revenue (ttm) | US$ in thousands | 1,829,873 | 1,803,126 | 1,758,247 | 1,697,311 | 1,658,713 | 1,586,916 | 1,586,911 | 1,604,390 | 1,595,222 | 1,590,351 | 1,519,438 | 1,457,063 | 1,410,989 | 1,343,632 | 1,275,592 | 1,164,863 | 1,091,721 | 1,013,555 | 948,077 | 932,793 |
| Net profit margin | 9.60% | 11.15% | 10.66% | 10.32% | 10.24% | 4.00% | 4.19% | 4.65% | 5.62% | 11.97% | 13.02% | 14.26% | 15.07% | 15.04% | 15.73% | 15.27% | 14.27% | 9.68% | 7.17% | 6.08% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $175,689K ÷ $1,829,873K
= 9.60%
YETI Holdings Inc's net profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The net profit margin measures the company's profitability by indicating how much of each dollar of revenue translates into profit after all expenses have been deducted.
The trend of YETI's net profit margin reveals some interesting insights. The net profit margin started at 6.08% in March 2020 and gradually increased to 15.73% in June 2021, signaling an improvement in profitability. However, from June 2021 onwards, the net profit margin began to decline, reaching its lowest point at 4.00% in September 2023. This downward trend was a cause for concern as it suggested a decrease in the company's ability to convert revenue into profit efficiently.
It is worth noting that the net profit margin recovered in the subsequent periods, reaching 11.15% by September 30, 2024. This improvement indicated a resurgence in profitability, although it remained below the peak levels seen in 2021. The fluctuations in the net profit margin could be attributed to various factors such as changes in revenue, operating expenses, or one-time events impacting the bottom line.
Overall, analyzing YETI's net profit margin over the specified period helps in understanding the company's profitability dynamics and performance. Investors and stakeholders can use this information to assess the effectiveness of YETI's cost management, pricing strategies, and overall financial health.
Peer comparison
Dec 31, 2024