Ingersoll Rand Inc (IR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 778,700 | 604,700 | 562,500 | -33,300 | 159,100 |
| Revenue | US$ in thousands | 6,876,100 | 5,916,300 | 5,152,400 | 3,973,200 | 2,017,500 |
| Net profit margin | 11.32% | 10.22% | 10.92% | -0.84% | 7.89% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $778,700K ÷ $6,876,100K
= 11.32%
The net profit margin of Ingersoll-Rand Inc has shown some fluctuations over the past five years. In 2023, the company achieved a net profit margin of 11.32%, indicating that for every dollar of revenue generated, the company retained approximately $0.11 as profit after accounting for all expenses. This represented an improvement from the previous year's net profit margin of 10.22%.
In 2021, Ingersoll-Rand Inc recorded a net profit margin of 10.92%, which was slightly higher than in 2023. However, the company faced challenges in 2020 with a negative net profit margin of -0.68%, indicating that its expenses exceeded its revenue during that period.
Looking back further, in 2019, the company achieved a net profit margin of 6.49%. Overall, the trend in net profit margin for Ingersoll-Rand Inc has been positive in recent years, with improvements in profitability seen in 2023 compared to the preceding years. It is essential for the company to continue monitoring and managing its expenses efficiently to sustain and further enhance its profitability in the future.
Peer comparison
Dec 31, 2023