Avantor Inc (AVTR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	321,100	686,500	572,600	116,600	37,800
Revenue	US$ in thousands	6,967,200	7,512,400	7,386,100	6,393,600	6,040,300
Net profit margin		4.61%	9.14%	7.75%	1.82%	0.63%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $321,100K ÷ $6,967,200K
= 4.61%

The net profit margin of Avantor Inc has shown variability over the past five years. In 2023, the net profit margin was 4.61%, which represents a decrease from the previous year where it was 9.14%. This decline indicates that Avantor Inc's profitability relative to its revenue decreased in 2023. However, when compared to 2020 and 2019, the net profit margin in 2023 remains higher, indicating an improvement in profitability over those two years. Overall, Avantor Inc's net profit margin has fluctuated over the five-year period, with a general upward trend from 2019 to 2022 and a slight dip in 2023.