HealthStream Inc (HSTM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	15,213	12,091	5,845	14,091	15,770
Revenue	US$ in thousands	279,063	266,851	256,691	244,826	254,112
Net profit margin		5.45%	4.53%	2.28%	5.76%	6.21%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $15,213K ÷ $279,063K
= 5.45%

Healthstream Inc's net profit margin has fluctuated over the past five years. In 2023, the net profit margin stands at 5.45%, showing an improvement from the previous year's 4.53%. Despite the increase, it is worth noting that the net profit margin was higher in 2020 and 2019 at 5.76% and 6.21% respectively. The trend indicates some volatility in the company's ability to generate profit relative to its revenue, with a significant increase in 2023 compared to 2022. Further analysis of the company's expenses and revenue generation strategies may provide insights into the drivers behind these fluctuations in net profit margin.