Northwest Natural Gas Co (NWN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	93,868	86,303	78,666	76,781	61,735
Revenue	US$ in thousands	1,197,480	1,037,350	860,400	773,679	746,372
Net profit margin		7.84%	8.32%	9.14%	9.92%	8.27%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $93,868K ÷ $1,197,480K
= 7.84%

Net profit margin is a key financial ratio that measures a company's profitability by expressing net income as a percentage of total revenue. Looking at the historical data for Northwest Natural Holding Co, the net profit margin has shown some fluctuations over the past five years.

In 2023, the net profit margin stands at 7.84%, a slight decrease from 2022 when it was 8.32%. This downward trend suggests that the company's profitability may have been impacted by various factors such as changes in revenue or expenses.

Comparing the current net profit margin to previous years, it is evident that the company's profitability was higher in 2021 at 9.14% and even higher in 2020 at 9.92%. However, it dropped to 8.27% in 2019.

Overall, the company's net profit margin has fluctuated within a moderate range over the past five years. It is essential for Northwest Natural Holding Co to closely monitor and analyze the factors influencing these fluctuations to ensure sustained profitability in the future.