Astec Industries Inc (ASTE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 33,500 | -100 | 15,800 | 46,000 | 22,300 |
| Revenue | US$ in thousands | 1,332,400 | 1,271,800 | 1,095,400 | 1,030,400 | 1,167,370 |
| Net profit margin | 2.51% | -0.01% | 1.44% | 4.46% | 1.91% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $33,500K ÷ $1,332,400K
= 2.51%
The net profit margin of Astec Industries Inc. has fluctuated over the past five years. In 2023, the company achieved a net profit margin of 2.50%, indicating that for every dollar of revenue generated, the company retained $0.025 in profit. This represents an improvement from the negative net profit margin of -0.01% in 2022. However, the net profit margin in 2023 is still lower compared to the 4.58% achieved in 2020 and 1.91% in 2019. The company's net profit margin was at a moderate level of 1.62% in 2021.
Overall, the trend in Astec Industries Inc.'s net profit margin shows variability over the years, with a recent improvement in 2023 compared to the prior year. It is essential for investors and stakeholders to closely monitor the company's profitability metrics to assess its financial performance and sustainability.
Peer comparison
Dec 31, 2023