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