Net Profit Margin
since 2005
Calculation
Sysco Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings1 | ÷ | Sales1 | |
|---|---|---|---|---|---|---|---|
| Jun 29, 2024 | 2.48% | = | 100 | × | 1,955) | ÷ | 78,844) |
| Jul 1, 2023 | 2.32% | = | 100 | × | 1,770) | ÷ | 76,325) |
| Jul 2, 2022 | 1.98% | = | 100 | × | 1,359) | ÷ | 68,636) |
| Jul 3, 2021 | 1.02% | = | 100 | × | 524) | ÷ | 51,298) |
| Jun 27, 2020 | 0.41% | = | 100 | × | 215) | ÷ | 52,893) |
| Jun 29, 2019 | 2.79% | = | 100 | × | 1,674) | ÷ | 60,114) |
| Jun 30, 2018 | 2.44% | = | 100 | × | 1,431) | ÷ | 58,727) |
| Jul 1, 2017 | 2.06% | = | 100 | × | 1,143) | ÷ | 55,371) |
| Jul 2, 2016 | 1.89% | = | 100 | × | 950) | ÷ | 50,367) |
| Jun 27, 2015 | 1.41% | = | 100 | × | 687) | ÷ | 48,681) |
| Jun 28, 2014 | 2.00% | = | 100 | × | 932) | ÷ | 46,517) |
| Jun 29, 2013 | 2.23% | = | 100 | × | 992) | ÷ | 44,411) |
| Jun 30, 2012 | 2.65% | = | 100 | × | 1,122) | ÷ | 42,381) |
| Jul 2, 2011 | 2.93% | = | 100 | × | 1,152) | ÷ | 39,323) |
| Jul 3, 2010 | 3.17% | = | 100 | × | 1,180) | ÷ | 37,243) |
| Jun 27, 2009 | 2.87% | = | 100 | × | 1,056) | ÷ | 36,853) |
| Jun 28, 2008 | 2.95% | = | 100 | × | 1,106) | ÷ | 37,522) |
| Jun 30, 2007 | 2.86% | = | 100 | × | 1,001) | ÷ | 35,042) |
| Jul 1, 2006 | 2.62% | = | 100 | × | 855) | ÷ | 32,628) |
| Jul 2, 2005 | 3.18% | = | 100 | × | 961) | ÷ | 30,282) |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
1 US$ in millions
The financial performance from 2005 to 2024 is characterized by a general expansion in scale alongside significant volatility in profitability margins. While total sales grew from 30,282 million US dollars in 2005 to 78,844 million US dollars in 2024, the net profit margin experienced several distinct cycles of stability, contraction, and recovery.
- Initial Stability Phase (2005–2010)
- During this period, net profit margins remained relatively consistent, fluctuating within a narrow band between 2.62% and 3.18%. Net earnings grew steadily from 961 million US dollars to 1,180 million US dollars, indicating a stable relationship between revenue growth and cost management.
- Margin Compression Period (2011–2015)
- A sustained downward trend in profitability is observed starting in 2011. Despite continued growth in sales—which rose from 39,323 million US dollars to 48,681 million US dollars—the net profit margin declined steadily from 2.93% to a low of 1.41% in 2015. This divergence suggests that operating costs or other expenses increased at a faster rate than revenue during this interval.
- Recovery and Acute Disruption (2016–2020)
- A recovery phase began in 2016, with margins improving to 2.79% by 2019. However, this trend was sharply reversed in 2020, where the net profit margin collapsed to 0.41%. This coincided with a significant drop in net earnings to 215 million US dollars and a contraction in sales to 52,893 million US dollars, marking the lowest profitability level in the analyzed timeframe.
- Post-Disruption Expansion (2021–2024)
- The most recent period shows a strong and consistent recovery. Net profit margins rose from 1.02% in 2021 to 2.48% in 2024. This recovery is supported by a substantial increase in both sales and earnings, with net earnings reaching a peak of 1,955 million US dollars in 2024, the highest absolute value recorded since 2005.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Sysco Corp., net profit margin, long-term trends, comparison to competitors
| Sysco Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jun 29, 2024 | 2.48% | 2.95% | 3.85% | 2.41% |
| Jul 1, 2023 | 2.32% | 2.65% | 2.55% | 1.93% |
| Jul 2, 2022 | 1.98% | 2.62% | 6.55% | 2.41% |
| Jul 3, 2021 | 1.02% | 2.61% | 4.67% | 2.43% |
| Jun 27, 2020 | 0.41% | 2.45% | 4.20% | 2.86% |
| Jun 29, 2019 | 2.79% | 2.45% | 3.90% | 1.31% |
| Jun 30, 2018 | 2.44% | 2.26% | 4.08% | 1.99% |
| Jul 1, 2017 | 2.06% | 2.12% | 3.94% | 2.83% |
| Jul 2, 2016 | 1.89% | 2.02% | 4.56% | 3.07% |
| Jun 27, 2015 | 1.41% | 2.09% | -2.25% | 3.39% |
| Jun 28, 2014 | 2.00% | 1.87% | 2.72% | 3.39% |
| Jun 29, 2013 | 2.23% | 1.98% | 4.09% | 3.65% |
| Jun 30, 2012 | 2.65% | 1.76% | 4.19% | 3.54% |
| Jul 2, 2011 | 2.93% | 1.68% | 4.33% | 3.91% |
| Jul 3, 2010 | 3.17% | 1.71% | 3.81% | 3.54% |
| Jun 27, 2009 | 2.87% | 1.55% | 3.41% | 3.34% |
| Jun 28, 2008 | 2.95% | 1.81% | 4.50% | 3.40% |
| Jun 30, 2007 | 2.86% | 1.72% | 4.68% | 3.27% |
| Jul 1, 2006 | 2.62% | 1.87% | 4.58% | 3.59% |
| Jul 2, 2005 | 3.18% | 2.05% | 6.83% | 3.60% |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Sector (Consumer Staples Distribution & Retail)
Sysco Corp., net profit margin, long-term trends, comparison to sector (consumer staples distribution & retail)
| Sysco Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jun 29, 2024 | 2.48% | 2.70% |
| Jul 1, 2023 | 2.32% | 2.18% |
| Jul 2, 2022 | 1.98% | 2.95% |
| Jul 3, 2021 | 1.02% | 2.72% |
| Jun 27, 2020 | 0.41% | 2.91% |
| Jun 29, 2019 | 2.79% | 1.80% |
| Jun 30, 2018 | 2.44% | 2.26% |
| Jul 1, 2017 | 2.06% | 2.82% |
| Jul 2, 2016 | 1.89% | 3.05% |
| Jun 27, 2015 | 1.41% | 2.56% |
| Jun 28, 2014 | 2.00% | 3.06% |
| Jun 29, 2013 | 2.23% | 3.43% |
| Jun 30, 2012 | 2.65% | 3.33% |
| Jul 2, 2011 | 2.93% | 3.62% |
| Jul 3, 2010 | 3.17% | 3.32% |
| Jun 27, 2009 | 2.87% | 3.12% |
| Jun 28, 2008 | 2.95% | 3.31% |
| Jun 30, 2007 | 2.86% | 3.24% |
| Jul 1, 2006 | 2.62% | 3.48% |
| Jul 2, 2005 | 3.18% | 3.78% |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).
Comparison to Industry (Consumer Staples)
Sysco Corp., net profit margin, long-term trends, comparison to industry (consumer staples)
| Sysco Corp. | Consumer Staples | |
|---|---|---|
| Jun 29, 2024 | 2.48% | 5.69% |
| Jul 1, 2023 | 2.32% | 5.47% |
| Jul 2, 2022 | 1.98% | 6.11% |
| Jul 3, 2021 | 1.02% | 6.21% |
| Jun 27, 2020 | 0.41% | 6.22% |
| Jun 29, 2019 | 2.79% | 4.62% |
| Jun 30, 2018 | 2.44% | 6.05% |
| Jul 1, 2017 | 2.06% | 5.52% |
| Jul 2, 2016 | 1.89% | 5.88% |
| Jun 27, 2015 | 1.41% | 5.62% |
| Jun 28, 2014 | 2.00% | 6.00% |
| Jun 29, 2013 | 2.23% | 6.75% |
| Jun 30, 2012 | 2.65% | 6.65% |
| Jul 2, 2011 | 2.93% | 6.99% |
| Jul 3, 2010 | 3.17% | 7.59% |
| Jun 27, 2009 | 2.87% | 6.93% |
| Jun 28, 2008 | 2.95% | 6.75% |
| Jun 30, 2007 | 2.86% | 6.11% |
| Jul 1, 2006 | 2.62% | 6.35% |
| Jul 2, 2005 | 3.18% | 6.29% |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27), 10-K (reporting date: 2014-06-28), 10-K (reporting date: 2013-06-29), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-07-02), 10-K (reporting date: 2010-07-03), 10-K (reporting date: 2009-06-27), 10-K (reporting date: 2008-06-28), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-07-01), 10-K (reporting date: 2005-07-02).