Concentra Group Holdings Parent, Inc. (CON)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 179,947 | 166,727 | 208,875 |
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Net profit margin | 9.79% | 9.67% | 12.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $179,947K ÷ $1,838,080K
= 9.79%
Concentra Group Holdings Parent, Inc.'s net profit margin has shown a slight fluctuation over the past three years. In 2021, the net profit margin was at its highest point at 12.06%, indicating that the company was able to generate $0.1206 in profits for every dollar of revenue. However, in 2022, the net profit margin slightly decreased to 9.67%, suggesting a decrease in profitability compared to the previous year.
Fortunately, by the end of 2023, the company was able to improve its net profit margin slightly to 9.79%, indicating a slight recovery in profitability. It is important for Concentra Group Holdings Parent, Inc. to continue monitoring its net profit margin to ensure sustained profitability and efficiency in managing its costs relative to its revenue.
Peer comparison
Dec 31, 2023