ChampionX Corporation (CHX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 320,266 | 314,238 | 154,969 | 113,299 | -743,930 |
| Revenue | US$ in thousands | 3,633,980 | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 |
| Net profit margin | 8.81% | 8.36% | 4.07% | 3.68% | -39.15% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $320,266K ÷ $3,633,980K
= 8.81%
ChampionX Corporation's net profit margin has shown a significant improvement over the years. Starting from a negative figure of -39.15% as of December 31, 2020, the company managed to turn around its profitability to achieve a positive net profit margin of 3.68% by December 31, 2021. This positive trend continued over the following years, with the net profit margin increasing to 4.07% by December 31, 2022, 8.36% by December 31, 2023, and further improving to 8.81% by December 31, 2024. This consistent growth in net profit margin indicates that ChampionX Corporation has successfully enhanced its operational efficiency and effectively managed its costs, resulting in a more profitable bottom line.
Peer comparison
Dec 31, 2024