ChampionX Corporation (CHX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 314,238 | 154,969 | 113,299 | -743,930 | 52,164 |
| Revenue | US$ in thousands | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 | 1,131,250 |
| Net profit margin | 8.36% | 4.07% | 3.68% | -39.15% | 4.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $314,238K ÷ $3,758,280K
= 8.36%
The net profit margin of ChampionX Corp. has shown variability over the past five years. In 2023, the net profit margin improved significantly to 8.36%, a marked increase from the previous year's 4.07%. This indicates that the company was able to generate a higher percentage of profit relative to its revenue in 2023.
The performance in 2022 demonstrated a moderate improvement from the prior year, with the net profit margin increasing to 4.07% from 3.68% in 2021. This suggests a positive trend in the company's profitability.
In 2021, the net profit margin was 3.68%, showing a slight increase from the previous year. The company was able to maintain profitability, but the margin remained relatively stable.
The year 2020 saw a significant negative net profit margin of -39.15%, indicating that ChampionX Corp. incurred a substantial loss relative to its revenue during that period. This could be a cause for concern and may require further investigation into the factors contributing to the loss.
In 2019, the net profit margin was 4.61%, demonstrating a reasonable level of profitability for the company during that year.
Overall, ChampionX Corp.'s net profit margin has exhibited fluctuations, with the most recent year showing a notable improvement in profitability. Assessing the factors driving these changes can provide insights into the company's financial performance and strategies for future growth.
Peer comparison
Dec 31, 2023