BWX Technologies Inc (BWXT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 245,849 | 238,191 | 305,871 | 278,670 | 244,115 |
| Revenue | US$ in thousands | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 | 1,857,780 |
| Net profit margin | 10.03% | 10.88% | 14.61% | 13.31% | 13.14% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $245,849K ÷ $2,450,040K
= 10.03%
The net profit margin of BWX Technologies Inc has shown some fluctuation over the past five years. In 2023, the net profit margin decreased to 9.85% from 10.67% in 2022. This drop indicates that the company's profit as a percentage of revenue decreased year over year. However, in comparison to 2021 where the net profit margin was 14.40%, the current margin is lower, suggesting potential challenges in maintaining profitability levels.
Further analysis of the trend reveals that the net profit margin was relatively stable around the 12-14% range from 2019 to 2021. The slight decrease observed in recent years could be a result of various factors such as increased expenses, declining revenue growth, or changes in pricing strategies. Overall, despite the fluctuations, BWX Technologies Inc has historically maintained a healthy net profit margin above 10%, indicating efficient cost management and profitability levels relative to its revenue.
Peer comparison
Dec 31, 2023