ZoomInfo Technologies Inc (ZI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 107,300 | 63,200 | 116,800 | -4,000 |
| Revenue | US$ in thousands | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Net profit margin | 9.02% | 6.02% | 16.79% | -1.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $107,300K ÷ $1,190,000K
= 9.02%
ZoomInfo Technologies Inc.'s net profit margin has exhibited fluctuating trends over the past five years. The company's net profit margin stood at 8.66% in 2023, representing an improvement from the previous year's 5.76%. This indicates that the company was able to effectively control its expenses relative to its revenue, resulting in a higher proportion of net income.
In 2021, ZoomInfo's net profit margin was notably higher at 15.63%, showcasing robust profitability for that year. However, in 2020 and 2019, the company experienced negative net profit margins of -0.84% and -5.71% respectively, suggesting that expenses exceeded revenues during those periods.
Overall, fluctuations in ZoomInfo's net profit margin indicate varying levels of operational efficiency and profitability in recent years. It is crucial for the company to focus on managing costs and optimizing its revenue streams to sustain and improve its net profit margin in the future.
Peer comparison
Dec 31, 2023