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