ESCO Technologies Inc (ESE)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 92,545 | 82,320 | 63,496 | 99,411 | 81,039 |
| Revenue | US$ in thousands | 947,264 | 852,649 | 715,135 | 728,985 | 816,796 |
| Net profit margin | 9.77% | 9.65% | 8.88% | 13.64% | 9.92% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $92,545K ÷ $947,264K
= 9.77%
The net profit margin of Esco Technologies, Inc. has shown some variability over the past five years. In 2023, the net profit margin was 9.68%, which was slightly higher than the previous year's margin of 9.60%. However, it was lower than the margin reported in 2020, which was 13.91%. The net profit margin in 2021 was 8.88%, reflecting a decrease from the previous year. The margin then experienced an increase in 2019, reaching 9.97%.
The fluctuations in net profit margin indicate that Esco Technologies, Inc. experienced some changes in its profitability over the years. It would be important to further investigate the factors contributing to these fluctuations, such as changes in revenue, cost management, and other operational efficiencies, to gain a deeper understanding of the company's performance.
Peer comparison
Sep 30, 2023