DoubleVerify Holdings Inc (DV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 71,466 | 43,268 | 29,308 |
| Revenue | US$ in thousands | 572,598 | 450,433 | 332,738 |
| Net profit margin | 12.48% | 9.61% | 8.81% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $71,466K ÷ $572,598K
= 12.48%
The net profit margin of DoubleVerify Holdings Inc has shown a positive trend over the past three years, with a steady increase from 8.81% in 2021 to 9.56% in 2022, and further to 12.48% in 2023. This indicates the company's ability to efficiently convert its revenues into profits after accounting for all expenses and costs. The improvement in net profit margin reflects the company's effective cost management and operational efficiency measures, which have contributed to enhancing its bottom line profitability. It suggests that DoubleVerify is generating more profit for each dollar of sales, which is a positive indicator of the company's financial health and performance.
Peer comparison
Dec 31, 2023