FMC Corporation (FMC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,321,500	736,500	739,600	552,400	477,400
Revenue	US$ in thousands	4,174,400	5,573,700	5,034,800	4,636,800	4,609,800
Net profit margin		31.66%	13.21%	14.69%	11.91%	10.36%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,321,500K ÷ $4,174,400K
= 31.66%

The net profit margin of FMC Corp. has shown an improving trend over the past five years, indicating the company's ability to generate profit from its operations. The net profit margin increased significantly from 10.32% in 2019 to 29.39% in 2023, reflecting a strong growth in profitability.

This improvement suggests that the company has been effectively managing its expenses and increasing its revenue relative to costs. The significant increase in net profit margin in 2023 compared to previous years indicates a more profitable operation and potentially better efficiency in utilizing resources.

Overall, the increasing trend in the net profit margin of FMC Corp. illustrates a positive financial performance and better profitability over the years. It signals potential financial strength and sustainability for the company.