ChampionX Corporation (CHX)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 314,238 | 304,897 | 250,254 | 181,799 | 154,969 | 130,561 | 164,321 | 144,229 | 113,299 | 77,207 | 12,465 | -104,430 | -743,930 | -753,110 | -733,802 | -601,220 | 52,164 | 77,174 | 89,741 | 88,620 |
| Revenue (ttm) | US$ in thousands | 3,758,285 | 3,800,585 | 3,882,362 | 3,888,334 | 3,805,947 | 3,642,237 | 3,439,462 | 3,256,062 | 3,074,990 | 2,958,967 | 2,773,708 | 2,323,450 | 1,899,996 | 1,441,622 | 1,084,935 | 1,092,191 | 1,131,251 | 1,196,636 | 1,235,968 | 1,235,545 |
| Net profit margin | 8.36% | 8.02% | 6.45% | 4.68% | 4.07% | 3.58% | 4.78% | 4.43% | 3.68% | 2.61% | 0.45% | -4.49% | -39.15% | -52.24% | -67.64% | -55.05% | 4.61% | 6.45% | 7.26% | 7.17% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $314,238K ÷ $3,758,285K
= 8.36%
The net profit margin of ChampionX Corp. has shown a generally positive trend over the past eight quarters. The net profit margin, which represents the percentage of revenue that translates into profit after accounting for all expenses, increased from 4.07% in Q4 2022 to 8.36% in Q4 2023, indicating improved profitability.
Although there have been fluctuations in net profit margin from quarter to quarter, the overall trend has been upwards, with the company successfully enhancing its ability to generate profit from its revenue. This suggests that ChampionX Corp. has been effectively managing its costs and improving operational efficiency over the analyzed period.
It is important to note the variability in the net profit margin figures, possibly reflecting the impact of external factors such as economic conditions, industry dynamics, or specific company initiatives. Nevertheless, the consistent improvement in net profit margin signifies a positive trajectory for the financial performance of ChampionX Corp.
Peer comparison
Dec 31, 2023