Allegion PLC (ALLE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 540,400 | 458,000 | 483,000 | 314,300 | 401,800 |
| Revenue | US$ in thousands | 3,553,800 | 3,186,000 | 2,820,400 | 2,668,100 | 2,763,400 |
| Net profit margin | 15.21% | 14.38% | 17.13% | 11.78% | 14.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $540,400K ÷ $3,553,800K
= 15.21%
The net profit margin of Allegion plc has fluctuated over the past five years. In 2023, the net profit margin was 14.80%, showing a slight improvement compared to 2022 when it was 14.00%. In 2021, the net profit margin was relatively higher at 16.84%, indicating stronger profitability compared to the following years. However, in 2020, the net profit margin decreased to 11.56%, suggesting a decline in profitability. The net profit margin in 2019 was 14.08%, which is comparable to 2023. Overall, Allegion plc has maintained generally healthy net profit margins over the period, indicating the company's ability to efficiently convert sales into profits.