Alamo Group Inc (ALG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 136,161 | 101,928 | 80,245 | 57,804 | 63,103 |
| Revenue | US$ in thousands | 1,689,650 | 1,513,620 | 1,334,220 | 1,163,470 | 1,119,140 |
| Net profit margin | 8.06% | 6.73% | 6.01% | 4.97% | 5.64% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $136,161K ÷ $1,689,650K
= 8.06%
The net profit margin of Alamo Group Inc. has displayed a generally positive trend over the past five years, indicating the company's ability to efficiently convert revenue into profit. The margin increased from 5.62% in 2019 to 8.06% in 2023, reflecting improved profitability. This upward trajectory suggests effective cost management and operational efficiency within the organization. The consistent growth in net profit margin demonstrates Alamo Group's capacity to generate higher profits relative to its revenue base, which is a positive indicator of financial health and performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Alamo Group Inc
ALG
8.06%
AGCO Corporation
AGCO
8.13%
Deere & Company
DE
13.73%
Lindsay Corporation
LNN
10.91%