Medpace Holdings Inc (MEDP)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	282,810	245,368	181,848	145,384	100,443
Revenue	US$ in thousands	1,883,940	1,519,300	1,145,160	926,439	860,388
Net profit margin		15.01%	16.15%	15.88%	15.69%	11.67%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $282,810K ÷ $1,883,940K
= 15.01%

The net profit margin of Medpace Holdings Inc has exhibited variation over the past five years. In 2023, the net profit margin decreased to 14.99% from 16.80% in 2022, which represents a decline in profitability. However, comparing the 2023 figure to earlier years, it is still higher than the net profit margin in 2020 and 2019. This suggests that the company was able to maintain a relatively healthy level of profitability despite the recent decrease.

Over the five-year period, there have been fluctuations in the net profit margin, with the highest point observed in 2022 at 16.80% and the lowest point in 2019 at 11.63%. Overall, the net profit margin has shown a general upward trend from 2019 to 2022, indicating an improvement in profitability during those years. The slight decrease in 2023 may warrant further investigation to understand the factors contributing to this change and to assess the company's ongoing financial performance.