N-Able Inc (NABL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income	US$ in thousands	23,412	16,707	113
Revenue	US$ in thousands	420,409	371,392	344,291
Net profit margin		5.57%	4.50%	0.03%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $23,412K ÷ $420,409K
= 5.57%

Net profit margin is a key financial ratio that indicates the percentage of each dollar of revenue that translates into net income for a company. In the case of N-Able Inc, the net profit margin has shown an increasing trend over the last three years. Starting at a low of 0.03% in 2021, the net profit margin has significantly improved to 4.50% in 2022 and further increased to 5.57% in 2023. This positive trend suggests that the company has been able to effectively control its expenses and enhance its profitability relative to its revenue. It indicates that N-Able Inc is becoming more efficient in generating profits from its operations, which is a positive signal for investors and stakeholders. The increasing net profit margin reflects improved cost management and operational efficiency within the company.