Knowles Cor (KN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 72,400 | -430,100 | 150,400 | 6,600 | 49,100 |
| Revenue | US$ in thousands | 707,600 | 764,700 | 868,100 | 764,300 | 854,800 |
| Net profit margin | 10.23% | -56.24% | 17.33% | 0.86% | 5.74% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $72,400K ÷ $707,600K
= 10.23%
Knowles Corp's net profit margin has exhibited fluctuations over the past five years. In 2023, the net profit margin improved significantly to 10.23%, rebounding from a negative figure of -56.24% in 2022. This remarkable recovery indicates a strong performance in managing costs and generating profits. In 2021, the net profit margin was reported at 17.33%, reflecting solid profitability. However, there was a slight dip in 2020 with a net profit margin of 0.86%. Looking back to 2019, the company achieved a net profit margin of 5.74%, indicating a decent level of profitability. Overall, the upward trend in the net profit margin from 2022 to 2023 suggests an enhanced operational efficiency and effective cost management strategies implemented by Knowles Corp.
Peer comparison
Dec 31, 2023