Net margin is calculated as Net Income divided by its Revenue. Citizens Financial Group's Net Income for the
three
months ended in Dec. 2023 was $189 Mil. Citizens Financial Group's Revenue for the
three
months ended in Dec. 2023 was $1,988 Mil. Therefore, Citizens Financial Group's net margin for the quarter that ended in Dec. 2023 was 9.51%.
The historical rank and industry rank for Citizens Financial Group's Net Margin % or its related term are showing as below:
CFG'
s Net Margin % Range Over the Past 10 Years
Min: 15.31 Med: 22.82 Max: 34.89
Current: 17.77
CFG's Net Margin % is ranked worse than 72.09% of 1458
companies
in the Banks industry
Industry Median: 25.49
vs CFG: 17.77
Citizens Financial Group Net Margin % Historical Data
The historical data trend for Citizens Financial Group'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.
Competitive Comparison of Citizens Financial Group's Net Margin %
For the Banks - Regional subindustry, Citizens Financial Group'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.
Citizens Financial Group's Net Margin % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Citizens Financial Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Citizens Financial Group's Net Margin % falls into.
Citizens Financial Group 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.
Citizens Financial Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Citizens Financial Group (NYSE:CFG) 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.
Citizens Financial Group Net Margin % Related Terms
Thank you for viewing the detailed overview of Citizens Financial Group's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Citizens Financial Group (Citizens Financial Group) Business Description
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.
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