Otter Tail Corporation (OTTR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	294,191	284,184	176,769	95,851	86,847
Revenue	US$ in thousands	1,353,480	1,469,480	1,197,640	883,171	919,503
Net profit margin		21.74%	19.34%	14.76%	10.85%	9.44%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $294,191K ÷ $1,353,480K
= 21.74%

The net profit margin of Otter Tail Corporation has shown a consistent improvement over the past five years, reflecting strong profitability. The margin has increased from 9.44% in 2019 to 21.81% in 2023, indicating that the company has been effective in controlling costs and efficiently managing operations to generate higher profits relative to its revenue.

This upward trend suggests that Otter Tail Corporation has been able to enhance its operational efficiency and optimize its resources effectively. A higher net profit margin signifies that the company is generating more profit from each dollar of revenue, which is a positive signal for investors and stakeholders. Overall, the steady increase in net profit margin demonstrates the company's ability to sustain and improve its profitability over time.