Net Profit Margin
since 2005
Calculation
Kimberly-Clark Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Kimberly-Clark Corporation1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2020 | 12.29% | = | 100 | × | 2,352) | ÷ | 19,140) |
| Dec 31, 2019 | 11.69% | = | 100 | × | 2,157) | ÷ | 18,450) |
| Dec 31, 2018 | 7.63% | = | 100 | × | 1,410) | ÷ | 18,486) |
| Dec 31, 2017 | 12.48% | = | 100 | × | 2,278) | ÷ | 18,259) |
| Dec 31, 2016 | 11.90% | = | 100 | × | 2,166) | ÷ | 18,202) |
| Dec 31, 2015 | 5.45% | = | 100 | × | 1,013) | ÷ | 18,591) |
| Dec 31, 2014 | 7.74% | = | 100 | × | 1,526) | ÷ | 19,724) |
| Dec 31, 2013 | 10.13% | = | 100 | × | 2,142) | ÷ | 21,152) |
| Dec 31, 2012 | 8.31% | = | 100 | × | 1,750) | ÷ | 21,063) |
| Dec 31, 2011 | 7.63% | = | 100 | × | 1,591) | ÷ | 20,846) |
| Dec 31, 2010 | 9.33% | = | 100 | × | 1,843) | ÷ | 19,746) |
| Dec 31, 2009 | 9.86% | = | 100 | × | 1,884) | ÷ | 19,115) |
| Dec 31, 2008 | 8.70% | = | 100 | × | 1,690) | ÷ | 19,415) |
| Dec 31, 2007 | 9.98% | = | 100 | × | 1,823) | ÷ | 18,266) |
| Dec 31, 2006 | 8.95% | = | 100 | × | 1,500) | ÷ | 16,747) |
| Dec 31, 2005 | 9.86% | = | 100 | × | 1,568) | ÷ | 15,903) |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial performance from 2005 to 2020 is characterized by steady initial revenue growth followed by a period of significant volatility in net income and profit margins. While net sales peaked in 2013, the net profit margin has exhibited a cyclical pattern with sharp contractions and subsequent recoveries in the latter half of the period.
- Revenue Trends
- Net sales experienced a consistent upward trajectory from 2005, rising from 15,903 million US$ to a peak of 21,152 million US$ in 2013. Following this peak, a period of contraction occurred, with sales declining to 18,450 million US$ by 2019, before showing a modest recovery to 19,140 million US$ in 2020.
- Net Profit Margin Fluctuations
- The net profit margin remained relatively stable between 2005 and 2010, fluctuating within a narrow range of 8.70% to 9.98%. However, the period from 2011 to 2020 was marked by high volatility. A significant trough was observed in 2015, where the margin fell to its lowest point of 5.45%. This was followed by a rapid recovery, reaching a period high of 12.48% in 2017. A second sharp decline occurred in 2018, with the margin dropping to 7.63%, before rebounding strongly to 12.29% by 2020.
- Profitability and Income Correlation
- Net income attributable to the corporation did not always move in tandem with net sales. For example, in 2017, net income reached 2,278 million US$ despite sales being lower than the 2013 peak, resulting in an expanded profit margin. The most notable divergence occurred in 2015, where a decline in both sales and net income led to the lowest margin of the observed period. The most recent data from 2020 indicates a strong recovery in efficiency, as the highest recorded net income of 2,352 million US$ was achieved on a sales base significantly lower than that of 2013.
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Comparison to Competitors
Kimberly-Clark Corp., net profit margin, long-term trends, comparison to competitors
| Kimberly-Clark Corp. | Procter & Gamble Co. | |
|---|---|---|
| Dec 31, 2020 | 12.29% | 18.36% |
| Dec 31, 2019 | 11.69% | 5.76% |
| Dec 31, 2018 | 7.63% | 14.59% |
| Dec 31, 2017 | 12.48% | 23.56% |
| Dec 31, 2016 | 11.90% | 16.09% |
| Dec 31, 2015 | 5.45% | 9.22% |
| Dec 31, 2014 | 7.74% | 14.02% |
| Dec 31, 2013 | 10.13% | 13.44% |
| Dec 31, 2012 | 8.31% | 12.85% |
| Dec 31, 2011 | 7.63% | 14.29% |
| Dec 31, 2010 | 9.33% | 16.13% |
| Dec 31, 2009 | 9.86% | 17.00% |
| Dec 31, 2008 | 8.70% | 14.46% |
| Dec 31, 2007 | 9.98% | 13.52% |
| Dec 31, 2006 | 8.95% | 12.73% |
| Dec 31, 2005 | 9.86% | 12.79% |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Kimberly-Clark Corp., net profit margin, long-term trends, comparison to industry (consumer staples)
| Kimberly-Clark Corp. | Consumer Staples | |
|---|---|---|
| Dec 31, 2020 | 12.29% | 6.22% |
| Dec 31, 2019 | 11.69% | 4.62% |
| Dec 31, 2018 | 7.63% | 6.05% |
| Dec 31, 2017 | 12.48% | 5.52% |
| Dec 31, 2016 | 11.90% | 5.88% |
| Dec 31, 2015 | 5.45% | 5.62% |
| Dec 31, 2014 | 7.74% | 6.00% |
| Dec 31, 2013 | 10.13% | 6.75% |
| Dec 31, 2012 | 8.31% | 6.65% |
| Dec 31, 2011 | 7.63% | 6.99% |
| Dec 31, 2010 | 9.33% | 7.59% |
| Dec 31, 2009 | 9.86% | 6.93% |
| Dec 31, 2008 | 8.70% | 6.75% |
| Dec 31, 2007 | 9.98% | 6.11% |
| Dec 31, 2006 | 8.95% | 6.35% |
| Dec 31, 2005 | 9.86% | 6.29% |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).