AAON Inc (AAON)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 177,623 | 100,376 | 58,758 | 79,009 | 53,711 |
| Revenue | US$ in thousands | 1,163,700 | 891,921 | 538,159 | 524,604 | 469,090 |
| Net profit margin | 15.26% | 11.25% | 10.92% | 15.06% | 11.45% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $177,623K ÷ $1,163,700K
= 15.26%
The net profit margin of AAON Inc. has shown varying trends over the past five years. In 2023, the net profit margin improved to 15.20%, indicating that for every dollar of revenue generated, the company retained $0.152 as net profit. This represents a significant increase from 2022 when the net profit margin was 11.29%. However, in 2021, the net profit margin was slightly lower at 10.99%.
Notably, in 2020, the net profit margin was relatively high at 15.35%, suggesting a strong profitability level during that period. On the other hand, in 2019, the net profit margin was 11.44%, indicating a lower profitability compared to the most recent years.
Overall, despite some fluctuations, the net profit margin of AAON Inc. has generally remained at healthy levels, indicating efficient cost management and profitability performance over the years.
Peer comparison
Dec 31, 2023