NXP Semiconductors NV (NXPI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,797,000 | 2,787,000 | 1,871,000 | 52,000 | 243,000 |
| Revenue | US$ in thousands | 13,276,000 | 13,205,000 | 11,063,000 | 8,612,000 | 8,877,000 |
| Net profit margin | 21.07% | 21.11% | 16.91% | 0.60% | 2.74% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,797,000K ÷ $13,276,000K
= 21.07%
The net profit margin of NXP Semiconductors NV has shown a fluctuating trend over the past five years. In 2023, the net profit margin reached 21.07%, slightly lower than the previous year's margin of 21.11%. These figures indicate that the company was able to maintain a relatively high level of profitability relative to its revenues.
Comparing the margins to earlier years, particularly in 2020 and 2019, significant improvements can be observed. In 2020, the company's net profit margin was a mere 0.60%, indicating a substantial increase in profitability in the following period. This improvement was further solidified in 2021 and continued in 2022, suggesting successful management efforts in controlling costs and enhancing operational efficiency.
Although the fluctuations in the net profit margin can be concerning, the overall trend indicates positive performance and resilience of NXP Semiconductors NV in maintaining and improving its profitability over the years. However, continued monitoring of the net profit margin is advisable to assess the company's ongoing financial health and sustainability.
Peer comparison
Dec 31, 2023