Clean Harbors Inc (CLH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 377,856 | 411,744 | 203,247 | 134,837 | 97,740 |
| Revenue | US$ in thousands | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 | 3,409,670 |
| Net profit margin | 7.00% | 7.97% | 5.34% | 4.30% | 2.87% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $377,856K ÷ $5,395,620K
= 7.00%
The net profit margin of Clean Harbors, Inc. has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin increased from 2.86% in 2019 to 6.99% in 2023. This signifies that the company is effectively managing its costs and expenses relative to its revenue, resulting in a higher percentage of net income generated from each dollar of revenue.
The gradual increase in the net profit margin from 2019 to 2023 suggests that Clean Harbors, Inc. has been successful in enhancing its operational efficiency and financial performance over the years. This improvement may be attributed to various factors such as effective cost control measures, revenue growth, operational streamlining, or strategic decisions made by the management.
Overall, the consistent growth in the net profit margin reflects positively on Clean Harbors, Inc.'s ability to generate profits and create value for its shareholders. It indicates a strengthening financial position and sustainable profitability for the company.
Peer comparison
Dec 31, 2023