National Presto Industries Inc (NPK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 34,559 | 20,699 | 25,654 | 46,958 | 42,220 |
| Revenue | US$ in thousands | 340,912 | 321,623 | 355,777 | 352,627 | 308,510 |
| Net profit margin | 10.14% | 6.44% | 7.21% | 13.32% | 13.69% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $34,559K ÷ $340,912K
= 10.14%
The net profit margin of National Presto Industries Inc has exhibited fluctuations over the past five years. In 2023, the net profit margin improved significantly to 10.14% compared to the previous year's 6.44%. However, this increase comes after a decline in the net profit margin in 2022 from 7.21% in 2021. The peak performance in terms of net profit margin was observed in 2020 and 2019 at 13.32% and 13.69%, respectively.
The rising trend of the net profit margin from 2022 to 2023 could indicate improved efficiency in managing costs or increased revenue generation. Conversely, the declining trend from 2020 to 2022 might suggest challenges in maintaining profitability or increased expenses relative to revenue during those years.
Further analysis of the underlying factors affecting the net profit margin, such as changes in operating expenses, pricing strategies, or revenue growth, would provide a more comprehensive understanding of the company's financial performance in recent years.
Peer comparison
Dec 31, 2023