Dover Corporation (DOV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,056,830 | 1,065,380 | 1,123,820 | 683,451 | 677,918 |
| Revenue | US$ in thousands | 8,306,830 | 8,391,830 | 7,800,760 | 6,577,040 | 7,136,400 |
| Net profit margin | 12.72% | 12.70% | 14.41% | 10.39% | 9.50% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,056,830K ÷ $8,306,830K
= 12.72%
The net profit margin of Dover Corp. has shown consistency over the past five years, ranging from 9.50% to 14.21%. In 2021, the net profit margin was at its highest at 14.21%, indicating that the company was able to convert a higher percentage of revenue into profits during that period. However, in 2020, the net profit margin dropped to 10.23% before rebounding to 12.52% in 2022 and maintaining the same level in 2023.
Overall, the average net profit margin for Dover Corp. over the five-year period has been around 11.8%. This indicates that, on average, the company is efficient in managing its expenses relative to its revenue, resulting in a steady level of profitability. It is essential for Dover Corp. to continue monitoring and managing its expenses effectively to sustain and potentially improve its net profit margin in the future.
Peer comparison
Dec 31, 2023