DXP Enterprises Inc (DXPE)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 70,467 | 65,132 | 60,203 | 62,564 | 58,386 | 49,534 | 47,291 | 42,670 | 48,158 | 41,886 | 35,082 | 28,771 | 16,469 | 13,675 | -28,116 | -34,096 | -28,726 | -24,638 | 23,137 | 34,454 |
| Revenue (ttm) | US$ in thousands | 1,802,040 | 1,738,170 | 1,684,484 | 1,666,968 | 1,678,600 | 1,677,851 | 1,645,916 | 1,585,688 | 1,480,832 | 1,367,686 | 1,269,866 | 1,187,570 | 1,113,775 | 1,053,315 | 984,014 | 949,899 | 1,005,266 | 1,068,045 | 1,175,030 | 1,256,947 |
| Net profit margin | 3.91% | 3.75% | 3.57% | 3.75% | 3.48% | 2.95% | 2.87% | 2.69% | 3.25% | 3.06% | 2.76% | 2.42% | 1.48% | 1.30% | -2.86% | -3.59% | -2.86% | -2.31% | 1.97% | 2.74% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $70,467K ÷ $1,802,040K
= 3.91%
Based on the provided data, DXP Enterprises Inc's net profit margin has shown fluctuations over the reported periods. The net profit margin, which indicates the percentage of revenue that translates into profit after all expenses are deducted, started at 2.74% in March 2020, declined to negative figures in the following quarters, and then gradually improved.
The company experienced negative net profit margins in the latter part of 2020 and early 2021, indicating challenges in generating profits relative to its revenue. However, there was a notable recovery starting from the second quarter of 2021, with the net profit margin turning positive and showing a positive trend through 2024.
The improvement in net profit margin suggests that DXP Enterprises Inc implemented strategies to enhance profitability, effectively managing costs or possibly increasing revenues. The consistent increase in net profit margin from March 2022 to December 2024 reflects a strengthening financial performance and efficiency in converting revenue into profit, which is a positive sign for the company's financial health. Additionally, the net profit margin reaching 3.91% by December 31, 2024, indicates a healthy level of profitability relative to its revenue at the end of the reporting period.
Peer comparison
Dec 31, 2024