Enviri Corporation (NVRI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -86,121 | -180,069 | -3,249 | -26,341 | 503,919 |
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Net profit margin | -4.16% | -9.53% | -0.18% | -1.72% | 41.84% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-86,121K ÷ $2,069,220K
= -4.16%
The net profit margin of Enviri Corp has shown considerable fluctuation over the past five years. In 2019, the company achieved a robust net profit margin of 33.51%, indicating that a significant portion of its revenue translated into profit. However, the net profit margin deteriorated significantly in subsequent years, with negative values recorded in 2020, 2021, 2022, and 2023.
The negative net profit margins in the latter years suggest that Enviri Corp's expenses and costs have exceeded its revenue, resulting in losses. The most notable decline in net profit margin was observed in 2022 and 2023, where the margins were -9.53% and -4.16%, respectively.
These declining margins may raise concerns about the company's operational efficiency and profitability. Investors and stakeholders may closely monitor future financial performance to assess whether Enviri Corp can improve its net profit margin and return to profitability.