EMCOR Group Inc (EME)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 632,994 | 406,122 | 383,532 | 132,943 | 325,140 |
| Revenue | US$ in thousands | 12,582,900 | 11,076,100 | 9,903,580 | 8,797,060 | 9,174,610 |
| Net profit margin | 5.03% | 3.67% | 3.87% | 1.51% | 3.54% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $632,994K ÷ $12,582,900K
= 5.03%
Emcor Group, Inc.'s net profit margin has exhibited fluctuations over the past five years. The company's net profit margin increased from 3.54% in 2019 to 3.87% in 2021, indicating improved profitability. However, there was a notable decline in the net profit margin to 1.51% in 2020, which could be attributed to various factors such as higher costs or lower revenues.
In 2022, the net profit margin experienced a slight decrease to 3.67%, possibly due to operational challenges or changes in the business environment. Despite this, Emcor Group, Inc. was able to bounce back in 2023, achieving a net profit margin of 5.03%, indicating a return to stronger profitability levels.
Overall, Emcor Group, Inc.'s net profit margin performance demonstrates a mix of positive and challenging trends over the analyzed period. The company's ability to maintain and improve its net profit margin is crucial for sustaining profitability and shareholder value in the long term.
Peer comparison
Dec 31, 2023