IDEX Corporation (IEX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 596,100 | 586,900 | 449,400 | 377,800 | 425,500 |
| Revenue | US$ in thousands | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,600 | 2,494,600 |
| Net profit margin | 18.21% | 18.44% | 16.25% | 16.07% | 17.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $596,100K ÷ $3,273,900K
= 18.21%
Idex Corporation's net profit margin has shown some fluctuation over the past five years. The company's net profit margin was relatively stable in 2022 and 2023, with values of 18.44% and 18.21%, respectively. In 2021, the net profit margin increased to 16.25%, representing a slight improvement from the previous year. However, in 2020 and 2019, the net profit margin was slightly lower at 16.06% and 17.06%, respectively.
Overall, Idex Corporation has maintained a healthy net profit margin above 16% in recent years, indicating its ability to generate profits from its operations after accounting for all expenses. The fluctuations in the net profit margin suggest that the company's profitability may be impacted by various factors such as changes in revenue, costs, and operational efficiency. Monitoring this metric over time can provide insights into the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023