Flowserve Corporation (FLS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 186,743 | 188,689 | 125,949 | 130,420 | 238,828 |
| Revenue | US$ in thousands | 4,277,980 | 3,600,590 | 3,412,060 | 3,653,870 | 3,909,500 |
| Net profit margin | 4.37% | 5.24% | 3.69% | 3.57% | 6.11% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $186,743K ÷ $4,277,980K
= 4.37%
Flowserve Corp.'s net profit margin has fluctuated over the past five years. In 2019, the company achieved a relatively high net profit margin of 6.43%, indicating that it was able to effectively control its costs and generate profits from its operations. However, in the subsequent years, the net profit margin decreased, reaching as low as 3.12% in 2020 and 3.56% in 2021. This decrease may indicate challenges in managing costs or changes in the company's revenue streams.
In 2022, there was a slight improvement in the net profit margin to 5.22%, suggesting potential efforts to enhance operational efficiency or generate higher profits. However, in 2023, the net profit margin decreased again to 4.32%. Overall, the fluctuating trend in the net profit margin suggests that Flowserve Corp. may be experiencing challenges in consistently maintaining profitability in the face of changing market conditions or internal factors.
Peer comparison
Dec 31, 2023