Root (ROOT) Net Margin % : -2.43% (As of Mar. 2024)

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What is Root Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Root's Net Income for the three months ended in Mar. 2024 was $-6.2 Mil. Root's Revenue for the three months ended in Mar. 2024 was $254.9 Mil. Therefore, Root's net margin for the quarter that ended in Mar. 2024 was -2.43%.

The historical rank and industry rank for Root's Net Margin % or its related term are showing as below:

ROOT' s Net Margin % Range Over the Past 10 Years
Min: -159.58 Med: -100.99 Max: -17.62
Current: -17.62

ROOT's Net Margin % is ranked worse than
94.85% of 485 companies
in the Insurance industry
Industry Median: 7.54 vs ROOT: -17.62

Root Net Margin % Historical Data

The historical data trend for Root's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Root Net Margin % Chart

Root Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

Get a 7-Day Free Trial

-97.31

-104.67

-150.87

-95.79

-32.40

Root Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															-58.35	-49.06	-39.72	-12.32	-2.43

Competitive Comparison of Root's Net Margin %

For the Insurance - Property & Casualty subindustry, Root's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Root's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Root's Net Margin % distribution charts can be found below:

* The bar in red indicates where Root's Net Margin % falls into.

Root Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Root's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-147.4	/	455
	=	-32.40 %

Root's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-6.2	/	254.9
	=	-2.43 %

Root (NAS:ROOT) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Root Net Margin % Related Terms

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Root (ROOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Root Inc (NAS:ROOT) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 E. Rich Street, Suite 500, Columbus, OH, USA, 43215

Website

https://ir.joinroot.com

Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sale of auto insurance policies within the United States.

Executives

Jonathan Allison	officer: Chief Administrative Officer	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Donna Dorsey	director	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Mahtiyar Bonakdarpour	officer: Chief Technology Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Meyer Malka	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Bullfrog Capital, L.p.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Bullfrog Capital Gp, Ltd.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Julie Szudarek	director	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Robert H. Bateman	officer: Chief Financial Officer	ONE HARTFORD PLAZA, HARTFORD CT 06155
Daniel H Rosenthal	director, officer: Chief Financial Officer	C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215
Beth A Birnbaum	director	C/O 111 RIVER STREET, HOBOKEN NJ 07030
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Hemal Shah	officer: Chief Product Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Carvana Co.	10 percent owner	300 E. RIO SALADO PARKWAY, TEMPE AZ 85281
Carvana Group, Llc	10 percent owner	1930 W. RIO SALADO PKWY, TEMPE AZ 85281
Anirban Kundu	officer: Chief Technology Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215