Barnes Group Inc (B)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,996 | 13,479 | 99,873 | 63,375 | 158,350 |
| Revenue | US$ in thousands | 1,388,550 | 1,247,580 | 1,243,100 | 1,107,020 | 1,463,750 |
| Net profit margin | 1.15% | 1.08% | 8.03% | 5.72% | 10.82% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $15,996K ÷ $1,388,550K
= 1.15%
The net profit margin of Barnes Group Inc. has shown some fluctuations over the past five years. The margin was relatively low at 1.10% in 2023 and 1.07% in 2022, indicating that the company retained only a small percentage of its revenue as profit after accounting for all expenses.
In 2021, the net profit margin significantly improved to 7.93%, suggesting that the company was more efficient in generating profits relative to its revenue that year. However, there was a slight decrease in 2020, with the margin at 5.64%.
The highest net profit margin was recorded in 2019 at 10.62%, indicating strong profitability that year. Overall, the company's net profit margins have shown variability, which may indicate fluctuations in expenses, revenues, or operational efficiency over the years. Further analysis would be needed to understand the specific factors driving these fluctuations.
Peer comparison
Dec 31, 2023