Curtiss-Wright Corporation (CW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 354,509 | 294,348 | 267,159 | 201,392 | 307,583 |
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Net profit margin | 12.68% | 11.73% | 10.84% | 8.42% | 12.36% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $354,509K ÷ $2,796,860K
= 12.68%
The net profit margin of Curtiss-Wright Corp. has shown a generally positive trend over the past five years. Starting at 12.36% in 2019, the net profit margin increased to 12.46% in 2023, indicating an improvement in the company's ability to convert sales into profits. This upward trajectory suggests that Curtiss-Wright Corp. has been effectively managing its expenses and generating higher returns on its revenue over the years. The consistent growth in net profit margin reflects positively on the company's overall profitability and efficiency in operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Curtiss-Wright Corporation
CW
12.68%
Eaton Corporation PLC
ETN
13.93%
Enerpac Tool Group Corp
EPAC
14.55%