Generac Holdings Inc (GNRC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 214,606 | 399,502 | 550,494 | 350,576 | 252,007 |
| Revenue | US$ in thousands | 3,925,040 | 4,496,170 | 3,703,400 | 2,452,210 | 2,161,870 |
| Net profit margin | 5.47% | 8.89% | 14.86% | 14.30% | 11.66% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $214,606K ÷ $3,925,040K
= 5.47%
Generac Holdings Inc's net profit margin has experienced fluctuations over the past five years. The trend shows a downward trajectory in recent years, decreasing from 14.27% in 2021 and 14.06% in 2020 to 5.05% in 2023. This indicates a reduction in the company's profitability relative to its revenue generated. The variations in net profit margin may be attributed to changes in operating expenses, cost structure, revenue growth, or other factors impacting the company's bottom line. Further analysis would be needed to identify the specific drivers behind these fluctuations in order to assess the overall financial health and performance of Generac Holdings Inc.
Peer comparison
Dec 31, 2023