NV5 Global Inc (NVEE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 27,979 | 44,613 | 49,973 | 47,147 | 21,018 |
| Revenue | US$ in thousands | 483,233 | 861,739 | 786,778 | 706,706 | 659,296 |
| Net profit margin | 5.79% | 5.18% | 6.35% | 6.67% | 3.19% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $27,979K ÷ $483,233K
= 5.79%
In the period from December 31, 2020, to December 31, 2024, NV5 Global Inc's net profit margin followed a fluctuating trend. It stood at 3.19% in 2020, showing a significant increase to 6.67% in 2021, indicating improved profitability. Subsequently, in 2022, the net profit margin slightly decreased to 6.35%, still maintaining a robust level. However, there was a noticeable decline in profitability in 2023, with the net profit margin dropping to 5.18%. Nevertheless, NV5 Global Inc managed to strengthen its profitability performance in 2024, as evidenced by the net profit margin rising to 5.79%. Overall, the company demonstrated varying levels of profitability over the years, reflecting its ability to adapt to changing market conditions and effectively manage costs.
Peer comparison
Dec 31, 2024