FormFactor Inc (FORM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	82,387	50,738	83,924	78,523	39,346
Revenue	US$ in thousands	733,352	744,811	767,046	693,269	586,655
Net profit margin		11.23%	6.81%	10.94%	11.33%	6.71%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $82,387K ÷ $733,352K
= 11.23%

FormFactor Inc's net profit margin has shown some variability over the past five years. In 2023, the net profit margin improved to 11.23% from 6.81% in 2022, indicating a significant increase in profitability. However, compared to 2021 and 2020, where the net profit margin was at 10.94% and 11.33% respectively, the current margin is slightly lower. It is worth noting that the net profit margin also improved from 2019 to 2020, with a notable increase from 6.71% to 11.33%. Overall, FormFactor Inc has shown the ability to maintain relatively healthy net profit margins over the years, with fluctuations seen in the recent periods. This suggests that the company has been managing its costs efficiently to generate profits, albeit with some variability.