N-Able Inc (NABL)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	70,319	47,396	33,330
Revenue	US$ in thousands	420,409	371,392	344,291
Operating profit margin		16.73%	12.76%	9.68%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $70,319K ÷ $420,409K
= 16.73%

The operating profit margin of N-Able Inc has shown a positive trend over the past three years. From 2021 to 2023, the operating profit margin has increased steadily from 9.68% to 16.73%. This indicates that the company has been able to effectively manage its operating expenses and generate a higher proportion of profits from its core business operations. The improvement in operating profit margin suggests that N-Able Inc has been able to increase efficiency and profitability in its operations over the analyzed period.