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.
Peer comparison
Dec 31, 2024