Archrock Inc (AROC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 104,998 | 44,296 | 28,217 | -68,445 | 97,330 |
| Revenue | US$ in thousands | 889,048 | 784,803 | 703,584 | 775,926 | 873,167 |
| Net profit margin | 11.81% | 5.64% | 4.01% | -8.82% | 11.15% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $104,998K ÷ $889,048K
= 11.81%
The net profit margin of Archrock Inc has shown significant fluctuations over the past five years. In 2023, the company's net profit margin stood at 10.41%, representing a notable increase compared to the previous year's margin of 5.07%. This improvement indicates that Archrock Inc was able to generate a higher proportion of net income relative to its total revenue in 2023.
Looking further back, the net profit margin in 2021 was 3.46%, indicating a slight increase from the margin of -7.98% in 2020, which suggests that the company managed to turn a loss into a profit within a year. The highest net profit margin during the period was recorded in 2019 at 9.94%, demonstrating solid profitability at that time.
Overall, the trend in Archrock Inc's net profit margin indicates volatility but also underscores the company's ability to enhance its bottom line performance in recent years, particularly evident in the significant improvement seen in 2023 compared to 2022. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2023