Motorola Solutions Inc (MSI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,709,000 | 1,363,000 | 1,245,000 | 949,000 | 868,000 |
| Revenue | US$ in thousands | 9,701,000 | 8,868,000 | 7,942,000 | 7,223,000 | 7,574,000 |
| Net profit margin | 17.62% | 15.37% | 15.68% | 13.14% | 11.46% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,709,000K ÷ $9,701,000K
= 17.62%
The net profit margin of Motorola Solutions Inc has shown a generally increasing trend from 2019 to 2023. The company's ability to generate profits from its revenue has improved over this period, indicating effective cost management and operational efficiency. In 2023, the net profit margin reached 17.13%, representing a significant increase compared to the previous years. This suggests that Motorola Solutions Inc was able to convert a higher percentage of its revenue into profit in the most recent year, potentially as a result of better revenue growth, cost control measures, or a combination of both. Overall, the improving trend in the net profit margin indicates a positive financial performance for the company.
Peer comparison
Dec 31, 2023