Envista Holdings Corp (NVST)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -100,200 | 243,100 | 340,500 | 33,300 | 217,600 |
| Revenue | US$ in thousands | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 | 2,284,800 |
| Net profit margin | -3.90% | 9.46% | 13.57% | 1.73% | 9.52% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-100,200K ÷ $2,566,500K
= -3.90%
The net profit margin of Envista Holdings Corp has fluctuated over the past five years. In 2023, the company experienced a negative net profit margin of -3.90%, indicating that its expenses exceeded its revenues, resulting in a loss. This is a significant decline from the prior year, where the net profit margin was 9.46%.
The highest net profit margin observed during this period was in 2021 at 13.57%, reflecting a strong profitability position with a high percentage of revenue translating into profit. However, this was followed by a decrease in 2022 to 9.46%.
In 2020, Envista Holdings Corp had a net profit margin of 1.46%, indicating a lower profitability compared to the previous years. Similarly, in 2019, the net profit margin was 7.91%, showing a decline from the peak in 2021.
Overall, the fluctuation in net profit margins suggests variability in the company's efficiency in managing its expenses and generating profits. It is essential for Envista Holdings Corp to monitor and control its costs effectively to improve its profitability in the future.
Peer comparison
Dec 31, 2023