National Fuel Gas Company (NFG)

Net profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	77,513	476,866	566,021	363,647	-123,772
Revenue	US$ in thousands	1,944,810	2,173,770	2,186,050	1,742,660	1,546,290
Net profit margin		3.99%	21.94%	25.89%	20.87%	-8.00%

September 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $77,513K ÷ $1,944,810K
= 3.99%

The net profit margin of National Fuel Gas Company has shown some fluctuation over the past five years, ranging from a low of -8.00% in 2020 to a high of 25.89% in 2022. The net profit margin measures the company's profitability after all expenses have been deducted from revenue, indicating how efficiently the company is able to generate profits from its operations.

The significant increase in net profit margin from 2020 to 2022 indicates an improvement in the company's profitability, possibly stemming from cost-cutting measures, revenue growth, or operational efficiency enhancements. However, the sharp decline in 2023 and further decrease in 2024 suggest a reversal in this positive trend, which could be a result of increased expenses, lower revenue, or other financial challenges.

Overall, fluctuations in the net profit margin of National Fuel Gas Company highlight the importance of closely monitoring financial performance and implementing strategic decisions to sustain and enhance profitability in a competitive business environment.