DXP Enterprises Inc (DXPE)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 68,812 | 59,958 | 57,715 | 53,094 | 48,156 | 41,885 | 35,081 | 28,767 | 16,496 | 12,533 | -29,258 | -34,950 | -29,269 | -23,987 | 23,788 | 34,820 | 36,059 | 44,959 | 40,250 | 38,691 |
| Revenue (ttm) | US$ in thousands | 1,624,653 | 1,630,258 | 1,604,174 | 1,550,194 | 1,451,697 | 1,344,867 | 1,248,616 | 1,166,773 | 1,093,114 | 1,037,874 | 970,085 | 937,202 | 993,218 | 1,056,018 | 1,161,769 | 1,242,731 | 1,252,318 | 1,267,818 | 1,248,873 | 1,225,530 |
| Net profit margin | 4.24% | 3.68% | 3.60% | 3.42% | 3.32% | 3.11% | 2.81% | 2.47% | 1.51% | 1.21% | -3.02% | -3.73% | -2.95% | -2.27% | 2.05% | 2.80% | 2.88% | 3.55% | 3.22% | 3.16% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $68,812K ÷ $1,624,653K
= 4.24%
The net profit margin of DXP Enterprises Inc has shown a generally improving trend over the past five quarters, increasing from 3.16% in March 2019 to 4.24% in December 2023. This indicates that the company is becoming more efficient in converting its revenue into profit. However, there were some periods of fluctuations in between, such as a dip in net profit margin to -3.02% in June 2021 and -3.73% in September 2021, which could be a cause for concern.
Overall, the upward trend in net profit margin reflects positively on the company's ability to control its costs and improve operational efficiency. Investors and stakeholders may view this as a sign of strengthening profitability and effective financial management within DXP Enterprises Inc.
Peer comparison
Dec 31, 2023