Benchmark Electronics Inc (BHE)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	64,315	68,229	35,770	14,055	23,425
Revenue	US$ in thousands	2,838,980	2,886,330	2,255,320	2,053,130	2,268,100
Net profit margin		2.27%	2.36%	1.59%	0.68%	1.03%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $64,315K ÷ $2,838,980K
= 2.27%

Benchmark Electronics Inc.'s net profit margin has shown some variation over the past five years, ranging from 0.68% in 2020 to 2.36% in 2022. The net profit margin indicates the percentage of revenue that translates into profit after accounting for all expenses. The company's performance in this area improved significantly from 2020 to 2022, reflecting better cost management or increased revenue generation. However, in 2023, the net profit margin decreased slightly to 2.27%, which might be attributed to changing market conditions, cost pressures, or other factors impacting the company's profitability. Overall, a positive trend was observed in recent years, except for a slight dip in 2023.