Mettler-Toledo International Inc (MTD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 788,778 | 872,502 | 768,985 | 602,739 | 561,109 |
| Revenue | US$ in thousands | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 | 3,008,650 |
| Net profit margin | 20.82% | 22.26% | 20.68% | 19.54% | 18.65% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $788,778K ÷ $3,788,310K
= 20.82%
The net profit margin of Mettler-Toledo International, Inc. has shown a generally positive trend over the past five years, increasing from 18.65% in 2019 to 20.82% in 2023. The company's ability to convert revenue into profit has improved over this period, reaching a peak in 2022 at 22.26%. However, there was a slight dip in 2021 to 20.68% before rebounding in the following years.
This trend indicates that Mettler-Toledo has been effectively managing its expenses relative to its revenue, resulting in a higher proportion of revenue translating into net profit. A consistently high net profit margin is a positive indicator of the company's profitability and efficiency in generating profit from its operations.
Overall, the steady improvement in Mettler-Toledo's net profit margin over the years reflects its strong financial performance and ability to sustain and enhance profitability.
Peer comparison
Dec 31, 2023