Alamo Group Inc (ALG)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 115,930 | 136,161 | 101,928 | 80,245 | 57,804 |
| Revenue | US$ in thousands | 1,628,510 | 1,689,650 | 1,513,620 | 1,334,220 | 1,163,470 |
| Net profit margin | 7.12% | 8.06% | 6.73% | 6.01% | 4.97% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $115,930K ÷ $1,628,510K
= 7.12%
The net profit margin of Alamo Group Inc has shown an upward trend over the years, reflecting an improvement in the company's efficiency in generating profits from its operations. The margin increased from 4.97% in December 31, 2020, to 6.01% in December 31, 2021, and further to 6.73% in December 31, 2022. In December 31, 2023, the net profit margin reached 8.06%, indicating a significant boost in profitability. However, there was a slight decrease in the net profit margin to 7.12% by December 31, 2024.
Overall, the increasing trend in the net profit margin of Alamo Group Inc signifies a positive performance in managing costs and expenses relative to revenue, enhancing the company's bottom line profitability. The slight decrease in the margin in 2024 could be attributed to various factors such as fluctuations in costs, changes in revenue mix, or strategic decisions impacting profitability. Continued monitoring and analysis of the net profit margin will be essential to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024