Charles River Laboratories (CRL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	474,624	486,226	390,982	364,304	252,019
Revenue	US$ in thousands	4,082,940	4,098,090	3,457,220	2,939,570	2,582,040
Net profit margin		11.62%	11.86%	11.31%	12.39%	9.76%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $474,624K ÷ $4,082,940K
= 11.62%

Charles River Laboratories' net profit margin has shown some variability over the past five years. In 2019, the company had a net profit margin of 9.76%, which increased to 12.39% in 2020, reflecting improved profitability. However, the margin declined slightly to 11.31% in 2021 before increasing again to 11.86% in 2022. In the most recent period of December 31, 2023, the net profit margin stands at 11.62%. Overall, the company has demonstrated relatively stable net profit margins hovering around the 11-12% range, indicating consistent profitability levels over the past five years.