Martin Marietta Materials Inc (MLM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,168,900	866,800	702,500	721,000	611,900
Revenue	US$ in thousands	6,611,900	5,991,700	5,293,000	4,684,800	4,612,900
Net profit margin		17.68%	14.47%	13.27%	15.39%	13.26%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,168,900K ÷ $6,611,900K
= 17.68%

The net profit margin of Martin Marietta Materials, Inc. has shown a fluctuating trend over the past five years, ranging from 12.89% in 2019 to 17.25% in 2023. The company's ability to generate profits from its revenue streams improved in 2023 compared to the previous years, reaching the highest level in the period analyzed. This indicates efficient cost management and/or revenue growth strategies implemented by the company during the most recent fiscal year. Overall, the increasing net profit margins suggest a positive trend in the profitability aspect of Martin Marietta Materials, Inc.