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.
Peer comparison
Dec 31, 2023