Crane NXT Co (CXT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 188,300 | 204,900 | 435,400 | 181,000 | 133,300 |
| Revenue | US$ in thousands | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 | 3,074,500 |
| Net profit margin | 13.53% | 6.07% | 12.78% | 6.16% | 4.34% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $188,300K ÷ $1,391,300K
= 13.53%
Crane NXT Co's net profit margin has displayed fluctuations over the past five years, ranging from 4.34% in 2019 to 13.53% in 2023. The net profit margin indicates the company's efficiency in generating profits from its revenue, with a higher percentage reflecting better profitability.
In 2023, Crane NXT Co achieved a net profit margin of 13.53%, which indicates that the company retained $0.1353 of each dollar earned as net profit after accounting for all expenses. This represents a significant improvement compared to the previous year's margin of 6.07%.
The company's net profit margin was also strong in 2021 at 12.78%, suggesting efficient cost management. However, in 2020 and 2019, the margins were lower at 6.16% and 4.34% respectively, indicating potential challenges and a need for improvement in profitability during those years.
Overall, the upward trend in Crane NXT Co's net profit margin from 2019 to 2023 is a positive indicator of the company's ability to generate profits relative to its revenue, reflecting improved operational efficiency and potential strategic decisions that have positively impacted profitability.
Peer comparison
Dec 31, 2023