Otter Tail Corporation (OTTR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 301,662 | 294,191 | 284,184 | 176,769 | 95,851 |
| Revenue | US$ in thousands | 1,329,970 | 1,353,480 | 1,469,480 | 1,197,640 | 883,171 |
| Net profit margin | 22.68% | 21.74% | 19.34% | 14.76% | 10.85% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $301,662K ÷ $1,329,970K
= 22.68%
The net profit margin of Otter Tail Corporation has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 10.85% in 2020, the net profit margin has steadily increased to 22.68% by the end of 2024. This indicates an improving ability of the company to translate its revenue into profits after accounting for all expenses. The increasing net profit margin suggests effective cost management, operational efficiency, and possibly higher pricing power or revenue growth. Otter Tail Corporation's consistent growth in net profit margin reflects a positive financial performance and may signify enhanced profitability and sustainable business operations over the years.
Peer comparison
Dec 31, 2024