Materion Corporation (MTRN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,702 | 85,990 | 72,474 | 15,462 | 53,394 |
| Revenue | US$ in thousands | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 | 1,182,840 |
| Net profit margin | 5.86% | 4.95% | 4.82% | 1.32% | 4.51% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $95,702K ÷ $1,633,630K
= 5.86%
The net profit margin of Materion Corp has shown fluctuations over the past five years. In 2023, the net profit margin improved to 5.75%, a significant increase compared to the previous year's 4.89%. This indicates that the company was able to effectively manage its expenses and generate more profit relative to its revenue in 2023.
In 2021 and 2019, Materion Corp also demonstrated healthy net profit margins of 4.80% and 4.27%, respectively. However, there was a notable decrease in the net profit margin in 2020 to 1.31%, possibly due to various factors such as economic challenges or increased costs.
Overall, Materion Corp's net profit margin has shown some variability, but the recent increase in 2023 suggests improved profitability and efficiency in managing costs. Further analysis of the company's revenue and expenses trends would provide deeper insights into its financial performance.