Analog Devices Inc (ADI)

Net profit margin

		Oct 28, 2023	Oct 29, 2022	Oct 30, 2021	Oct 31, 2020	Nov 2, 2019
Net income	US$ in thousands	3,314,580	2,748,560	1,390,420	1,220,760	1,363,010
Revenue	US$ in thousands	12,053,800	11,813,500	6,931,870	5,409,750	5,761,990
Net profit margin		27.50%	23.27%	20.06%	22.57%	23.66%

October 28, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $3,314,580K ÷ $12,053,800K
= 27.50%

Analog Devices Inc.'s net profit margin has shown a positive trend over the past five years, indicating an improvement in its ability to convert sales revenue into net income. The net profit margin increased from 22.70% in 2019 to 26.94% in 2023. This improvement suggests enhanced efficiency in managing costs and maximizing profitability. The company's ability to generate higher profits relative to its revenue has been strengthening, reflecting positively on its operational performance. Overall, the rising net profit margin indicates a favorable financial position for Analog Devices Inc.