Ametek Inc (AME)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,313,188	1,277,405	1,234,676	1,192,807	1,159,542	1,134,142	1,093,961	1,043,267	990,053	929,397	876,518	811,056	872,439	872,191	888,359	937,645	861,297	852,040	822,504	800,861
Revenue (ttm)	US$ in thousands	6,515,160	6,411,040	6,338,130	6,204,940	6,067,350	5,947,930	5,836,590	5,708,290	5,466,130	5,162,380	4,847,940	4,471,293	4,594,993	4,720,333	4,869,893	5,148,580	5,093,120	5,059,630	4,977,880	4,898,090
Net profit margin		20.16%	19.93%	19.48%	19.22%	19.11%	19.07%	18.74%	18.28%	18.11%	18.00%	18.08%	18.14%	18.99%	18.48%	18.24%	18.21%	16.91%	16.84%	16.52%	16.35%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,313,188K ÷ $6,515,160K
= 20.16%

The net profit margin of Ametek Inc has shown a positive trend over the quarters, demonstrating consistent profitability. The company's net profit margin has ranged from 18.02% to 19.91% over the past eight quarters, indicating efficient cost management and a strong ability to generate profits from its revenue. The gradual increase in net profit margin from Q1 2022 to Q4 2023 highlights the company's improving operational efficiency and profitability. Ametek Inc's ability to maintain a net profit margin above 18% consistently reflects its strong financial performance and effective management of expenses relative to its revenue.