Ametek Inc (AME)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,313,190	1,159,540	990,053	872,439	861,297
Revenue	US$ in thousands	6,515,160	6,070,930	5,472,480	4,594,990	5,070,080
Net profit margin		20.16%	19.10%	18.09%	18.99%	16.99%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,313,190K ÷ $6,515,160K
= 20.16%

The net profit margin of Ametek Inc has shown a generally positive trend over the past five years, with a slight improvement in 2023 compared to the previous years. The company's ability to convert revenue into profit has been consistent, ranging from 16.70% in 2019 to 19.91% in 2023. This indicates effective cost management and operational efficiency, as well as maintaining profitability despite fluctuations in economic conditions. Overall, the increasing trend in the net profit margin suggests that Ametek Inc has been able to effectively control costs and increase profitability over the years.