Graco Inc (GGG)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 486,084 506,511 460,645 439,866 330,456
Revenue US$ in thousands 2,113,320 2,195,610 2,143,520 1,987,610 1,650,120
Net profit margin 23.00% 23.07% 21.49% 22.13% 20.03%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $486,084K ÷ $2,113,320K
= 23.00%

The net profit margin of Graco Inc has shown a positive trend over the past five years. The margin increased from 20.03% as of December 31, 2020, to 23.00% as of December 31, 2024. This indicates that the company's ability to convert revenue into profit has been improving steadily. The highest net profit margin was recorded on December 31, 2023, at 23.07%, showing a peak in profitability during that period. Overall, the consistent growth in net profit margin reflects Graco Inc's effective cost management and revenue generation strategies, demonstrating a healthy and sustainable financial performance.