Avista Corporation (AVA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	171,180	155,176	147,334	129,488	196,979
Revenue	US$ in thousands	1,751,550	1,710,210	1,438,940	1,321,890	1,345,620
Net profit margin		9.77%	9.07%	10.24%	9.80%	14.64%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $171,180K ÷ $1,751,550K
= 9.77%

The net profit margin of Avista Corp. has been relatively stable over the past five years, ranging from a low of 9.07% in 2022 to a high of 14.64% in 2019. In 2023, the net profit margin was 9.77%, indicating that for every dollar of revenue generated, the company retained approximately 9.77 cents as net profit. While the company's profitability dipped in 2022, it rebounded slightly in 2023. Overall, Avista Corp.'s net profit margin performance suggests a consistent level of profitability, albeit with some fluctuations from year to year. Future analysis should focus on factors influencing these fluctuations to assess the company's long-term profitability prospects.