Exponent Inc (EXPO)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	100,339	102,330	101,202	82,552	82,460
Revenue	US$ in thousands	536,766	513,293	466,269	399,900	417,199
Net profit margin		18.69%	19.94%	21.70%	20.64%	19.77%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $100,339K ÷ $536,766K
= 18.69%

Exponent Inc's net profit margin has shown a declining trend over the past five years, with figures of 18.69% in 2023, 19.94% in 2022, 21.70% in 2021, 20.64% in 2020, and 19.77% in 2019. This indicates that the company is generating less profit for each dollar of revenue over time. Despite fluctuations, the net profit margin has generally remained above 15%, reflecting the company's ability to control costs and generate profits. However, management may need to address factors impacting profitability to reverse the downward trend observed in recent years.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Exponent Inc

EXPO

18.69%