Olympic Steel Inc (ZEUS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,529 | 90,931 | 121,051 | -5,595 | 3,856 |
| Revenue | US$ in thousands | 2,158,010 | 2,562,110 | 2,318,270 | 1,232,060 | 1,579,250 |
| Net profit margin | 2.06% | 3.55% | 5.22% | -0.45% | 0.24% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $44,529K ÷ $2,158,010K
= 2.06%
The net profit margin of Olympic Steel Inc. has shown fluctuations over the past five years. In 2023, the net profit margin decreased to 2.06% from 3.55% in 2022. This decline indicates a decrease in the company's profitability relative to its revenue. Comparing 2023 to earlier years, the net profit margin has been on a downward trend since 2021 when it was at 5.24%, reaching a negative figure in 2020 at -0.45%, before slightly improving in 2019 at 0.24%. The variation in net profit margin suggests potential challenges in managing costs, generating revenue, or both, highlighting the need for the company to focus on enhancing efficiency and profitability in its operations.
Peer comparison
Dec 31, 2023