Alphabet Inc Class A (GOOGL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,795,000 | 59,972,000 | 76,033,000 | 40,269,000 | 34,343,000 |
| Revenue | US$ in thousands | 305,559,000 | 281,279,000 | 257,637,000 | 182,527,000 | 161,857,000 |
| Net profit margin | 24.15% | 21.32% | 29.51% | 22.06% | 21.22% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $73,795,000K ÷ $305,559,000K
= 24.15%
The net profit margin of Alphabet Inc has exhibited some fluctuation over the past five years. In 2023, the net profit margin stood at 24.01%, representing an increase from the previous year's figure of 21.20%. This suggests an improvement in the company's ability to convert revenue into profit. However, it is important to note that the net profit margin was notably higher in 2021, reaching 29.51%. This indicates that the company experienced a relatively lower level of profitability in 2022 and 2023 compared to 2021. Overall, Alphabet Inc has maintained a healthy net profit margin, demonstrating efficient cost management and profitability, despite some variation in performance over the years.
Peer comparison
Dec 31, 2023