MDU Resources Group Inc (MDU)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	414,707	367,489	378,131	390,205	335,453
Revenue	US$ in thousands	4,657,340	4,441,780	5,680,730	5,532,750	5,336,780
Net profit margin		8.90%	8.27%	6.66%	7.05%	6.29%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $414,707K ÷ $4,657,340K
= 8.90%

The net profit margin of MDU Resources Group Inc has shown fluctuations over the past five years. In 2023, the net profit margin improved to 8.90% from 5.27% in 2022, indicating a significant increase in profitability. However, it is important to note that the company's net profit margin was higher in 2021 and 2020 at 6.66% and 7.05%, respectively.

Overall, the trend in the net profit margin of MDU Resources Group Inc has been relatively stable, with some variations from year to year. It is essential for stakeholders to monitor the company's profitability closely to understand its ability to generate earnings relative to its revenue. A higher net profit margin indicates better profitability, while a lower margin may raise concerns about the company's operational efficiency and cost management.