Chart Industries Inc (GTLS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 47,300 | 24,000 | 59,100 | 308,100 | 46,400 |
| Revenue | US$ in thousands | 3,031,500 | 1,594,000 | 1,300,300 | 1,389,800 | 1,274,000 |
| Net profit margin | 1.56% | 1.51% | 4.55% | 22.17% | 3.64% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $47,300K ÷ $3,031,500K
= 1.56%
The net profit margin of Chart Industries Inc has fluctuated over the past five years. In Dec 31, 2023, the net profit margin was 0.60%, which was lower compared to the previous year's margin of 1.40%. This decrease indicates a lower proportion of net income in relation to revenue in 2023.
In Dec 31, 2022, the net profit margin was 1.40%, showing a decline from the high margin of 4.49% in Dec 31, 2021. This decrease suggests a reduced profitability compared to the prior year.
The significant drop in net profit margin from 26.17% in Dec 31, 2020 to 4.49% in Dec 31, 2021, indicates a substantial decline in profitability during that period. The company experienced a sharp decrease in net income relative to revenue in 2021.
The net profit margin in Dec 31, 2019 was 3.57%, demonstrating a moderate level of profitability compared to subsequent years. Overall, the trend in net profit margin for Chart Industries Inc has been volatile, with fluctuations in profitability levels over the past five years.