Addus HomeCare Corporation (ADUS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	62,516	46,025	45,126	33,133	25,237
Revenue	US$ in thousands	1,051,790	943,505	859,640	762,533	647,209
Net profit margin		5.94%	4.88%	5.25%	4.35%	3.90%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $62,516K ÷ $1,051,790K
= 5.94%

The net profit margin of Addus HomeCare Corporation has shown a generally increasing trend over the past five years, indicating an improvement in the company's profitability.

In 2023, the net profit margin reached 5.91%, which was higher compared to the previous year's margin of 4.84%. This increase suggests that the company was able to generate a higher percentage of net profit relative to its total revenue in 2023.

Moreover, when comparing the net profit margin to earlier years, we observe a gradual improvement from 4.33% in 2020 to 5.91% in 2023. This signifies the company's enhanced efficiency in managing costs and operations to enhance profitability.

Overall, the consistent growth in net profit margin reflects positively on Addus HomeCare Corporation's ability to generate profits from its core operations and potentially indicates effective management of expenses and revenue generation strategies.