NV5 Global Inc (NVEE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,613 | 49,973 | 47,147 | 21,018 | 23,756 |
| Revenue | US$ in thousands | 1,276,230 | 1,126,510 | 1,010,090 | 941,231 | 506,663 |
| Net profit margin | 3.50% | 4.44% | 4.67% | 2.23% | 4.69% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $44,613K ÷ $1,276,230K
= 3.50%
The net profit margin of NV5 Global Inc has shown fluctuations over the five-year period from 2019 to 2023. In 2019, the net profit margin was 4.69%, followed by a decrease to 2.23% in 2020. There was a notable improvement in 2021 with the net profit margin increasing to 4.67%, and a further increase to 4.44% in 2022. However, in 2023, there was a slight decline in the net profit margin to 3.50%. Overall, although there have been fluctuations, the company has generally maintained a positive net profit margin, indicating its ability to generate profit from its operations relative to its revenue.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
NV5 Global Inc
NVEE
3.50%
Johnson Controls International PLC
JCI
6.92%