Enpro Industries (NPO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 22,200 | 205,100 | 177,900 | 177,600 | 38,300 |
| Revenue | US$ in thousands | 1,013,100 | 1,067,900 | 1,259,100 | 1,052,000 | 1,171,800 |
| Net profit margin | 2.19% | 19.21% | 14.13% | 16.88% | 3.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $22,200K ÷ $1,013,100K
= 2.19%
The net profit margin of Enpro Inc has fluctuated over the past five years. In 2023, the net profit margin decreased significantly to 2.10% from 18.66% in 2022, showcasing a substantial drop in profitability. This decrease in net profit margin could indicate challenges in managing costs or generating revenue efficiently during the fiscal year. The company's profitability was relatively stable in 2021 and 2020, with net profit margins of 15.52% and 17.17%, respectively. In 2019, the net profit margin was at a lower level of 3.18%, indicating improved profitability compared to that year. Overall, Enpro Inc's net profit margin performance has shown variability, highlighting the importance of monitoring and addressing factors impacting profitability to sustain long-term financial health.