Medpace Holdings Inc (MEDP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 404,386 | 282,810 | 245,368 | 181,848 | 145,384 |
| Revenue | US$ in thousands | 2,108,550 | 1,883,940 | 1,519,300 | 1,145,160 | 926,439 |
| Net profit margin | 19.18% | 15.01% | 16.15% | 15.88% | 15.69% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $404,386K ÷ $2,108,550K
= 19.18%
Net profit margin is a key financial metric that measures a company's profitability by expressing its net profit as a percentage of its total revenue. For Medpace Holdings Inc, the trend in net profit margin over the five-year period from December 31, 2020, to December 31, 2024, shows some fluctuations.
In December 2020, the net profit margin was 15.69%, which improved slightly to 15.88% by December 2021. There was a further increase to 16.15% by December 2022, indicating improving profitability. However, by December 2023, the net profit margin dipped slightly to 15.01%.
The most significant jump in profitability occurred by December 31, 2024, with a net profit margin of 19.18%, indicating a substantial increase compared to the previous years.
Overall, the trend in Medpace Holdings Inc's net profit margin shows fluctuations with some years of improvement and a notable increase in profitability by December 31, 2024. It is essential for stakeholders to monitor these changes to assess the company's financial health and efficiency in generating profits.
Peer comparison
Dec 31, 2024