Franklin Electric Co Inc (FELE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 180,309 | 193,272 | 187,332 | 153,860 | 100,460 |
| Revenue | US$ in thousands | 2,021,340 | 2,065,130 | 2,043,710 | 1,661,860 | 1,247,330 |
| Net profit margin | 8.92% | 9.36% | 9.17% | 9.26% | 8.05% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $180,309K ÷ $2,021,340K
= 8.92%
The net profit margin of Franklin Electric Co Inc has shown a positive trend over the last five years. Starting at 8.05% in December 31, 2020, it increased steadily to 9.26% by December 31, 2021, and further to 9.17% by December 31, 2022. Although there was a slight dip to 8.92% by December 31, 2024, the overall performance indicates a healthy level of profitability relative to the company's revenue. Maintaining a net profit margin above 8% demonstrates efficient cost management and effective revenue generation strategies within the company.
Peer comparison
Dec 31, 2024
Company name
Symbol
Net profit margin
Franklin Electric Co Inc
FELE
8.92%
Generac Holdings Inc
GNRC
7.37%
Regal Beloit Corporation
RRX
3.25%