Equifax Inc (EFX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 545,300 | 696,200 | 744,200 | 520,100 | -384,100 |
| Revenue | US$ in thousands | 5,020,200 | 4,937,400 | 4,775,900 | 3,978,400 | 3,392,900 |
| Net profit margin | 10.86% | 14.10% | 15.58% | 13.07% | -11.32% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $545,300K ÷ $5,020,200K
= 10.86%
Over the past five years, Equifax, Inc.'s net profit margin has shown fluctuations. In 2023, the net profit margin stood at 10.36%, reflecting a decrease compared to the previous year's value of 13.59% in 2022. Prior to this, there was a further decline in the net profit margin from 15.11% in 2021 to 12.60% in 2020, indicating a period of reduced profitability. Notably, in 2019, the company experienced a negative net profit margin of -11.37%, which implies a loss rather than profit.
Overall, the trend in Equifax, Inc.'s net profit margin suggests some volatility in its profitability performance over the past five years. It is essential for the company to assess and address the factors contributing to these fluctuations to maintain and improve its profitability in the future.