Flowserve Corporation (FLS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 282,759 | 186,743 | 188,689 | 125,949 | 130,420 |
| Revenue | US$ in thousands | 4,557,810 | 4,320,580 | 3,615,120 | 3,541,060 | 3,728,130 |
| Net profit margin | 6.20% | 4.32% | 5.22% | 3.56% | 3.50% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $282,759K ÷ $4,557,810K
= 6.20%
Flowserve Corporation's net profit margin has shown a gradual improvement over the past five years, as depicted in the data provided. The net profit margin increased from 3.50% as of December 31, 2020, to 6.20% as of December 31, 2024. This demonstrates a positive trend in the company's profitability, indicating its ability to effectively control costs and generate stronger profits relative to its revenue.
The company's net profit margin reached a peak of 5.22% as of December 31, 2022, before slightly decreasing to 4.32% by December 31, 2023. However, the subsequent increase to 6.20% by the end of 2024 reflects a significant improvement in profitability, suggesting that Flowserve Corporation may have implemented strategies to enhance operational efficiency or benefit from favorable market conditions.
Overall, the consistent growth in net profit margin signals a positive performance trajectory for Flowserve Corporation, illustrating the company's ability to effectively manage its expenses and generate higher profits relative to its revenue over the specified period.
Peer comparison
Dec 31, 2024