Franklin Electric Co Inc (FELE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 193,272 | 187,332 | 153,860 | 100,500 | 95,483 |
| Revenue | US$ in thousands | 2,041,220 | 2,024,940 | 1,654,440 | 1,241,280 | 1,304,690 |
| Net profit margin | 9.47% | 9.25% | 9.30% | 8.10% | 7.32% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $193,272K ÷ $2,041,220K
= 9.47%
The net profit margin of Franklin Electric Co., Inc. has shown a generally increasing trend over the past five years, indicating the company's ability to efficiently convert revenues into profits.
In 2019, the net profit margin stood at 7.28%, which then increased to 8.00% in 2020, signaling an improvement in profitability. Further growth was observed in the subsequent years, with the net profit margin reaching 9.26% in 2021 and slightly higher at 9.45% in 2022.
Although there was a slight dip to 9.32% in 2023, the overall trend demonstrates the company's consistent focus on managing costs and enhancing operational efficiency to generate higher profits relative to its revenues. This trend is generally positive for stakeholders as it reflects the company's ability to maintain profitable operations over time.
Peer comparison
Dec 31, 2023