MSA Safety (MSA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	58,583	179,630	21,340	124,077	137,998
Revenue	US$ in thousands	1,787,650	1,527,950	1,400,180	1,348,220	1,401,980
Net profit margin		3.28%	11.76%	1.52%	9.20%	9.84%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $58,583K ÷ $1,787,650K
= 3.28%

The net profit margin of MSA Safety Inc has shown variability over the past five years. In 2023, the net profit margin decreased significantly to 3.27% from 11.75% in 2022. This decline may indicate lower profitability relative to the previous year. However, comparing 2023 to 2021 and 2020, the current net profit margin is higher, suggesting an improvement in profitability over those years. In 2023, the net profit margin stands above the levels of 2021 (1.52%) and 2020 (8.90%), indicating better performance in terms of generating profits relative to those periods. Comparing 2023 to 2019, when the net profit margin was 9.72%, the current margin is lower, suggesting a decrease in profitability over the past few years. It would be essential to further investigate the factors contributing to the fluctuation in MSA Safety Inc's net profit margin to determine the underlying reasons for these changes.