DXP Enterprises Inc (DXPE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 68,812 | 48,155 | 16,496 | -29,269 | 37,025 |
| Revenue | US$ in thousands | 1,624,650 | 1,451,700 | 1,093,110 | 982,407 | 1,247,510 |
| Net profit margin | 4.24% | 3.32% | 1.51% | -2.98% | 2.97% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $68,812K ÷ $1,624,650K
= 4.24%
The net profit margin of DXP Enterprises Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin improved to 4.24%, indicating that the company generated $4.24 in profit for every $100 in revenue. This was a positive increase from the prior year, where it was 3.32%. In 2021, the net profit margin was 1.51%, reflecting a slight improvement from 2020 when the company incurred a net loss, resulting in a negative net profit margin of -2.98%.
Overall, DXP Enterprises Inc has displayed variability in its net profit margin performance, with positive improvements in recent years. This metric is essential in assessing the company's profitability and efficiency in generating profits relative to its revenue.
Peer comparison
Dec 31, 2023