Graco Inc (GGG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,511 | 460,645 | 439,866 | 330,456 | 343,853 |
| Revenue | US$ in thousands | 2,195,610 | 2,143,520 | 1,987,610 | 1,650,120 | 1,646,040 |
| Net profit margin | 23.07% | 21.49% | 22.13% | 20.03% | 20.89% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $506,511K ÷ $2,195,610K
= 23.07%
Graco Inc's net profit margin has shown a fluctuating trend over the past five years. The company's net profit margin increased from 20.89% in 2019 to 22.13% in 2021, signaling improved efficiency in generating profits relative to revenues during that period. However, there was a slight dip in 2022 with a net profit margin of 21.49%.
In the most recent year as of December 31, 2023, Graco Inc's net profit margin further increased to 23.07%. This notable improvement indicates the company's ability to control costs and increase profitability relative to its revenue stream. Overall, the trend suggests that Graco Inc has been effectively managing its expenses and maximizing its profitability in recent years.
Peer comparison
Dec 31, 2023