Pentair PLC (PNR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 622,700 | 480,900 | 553,000 | 358,600 | 355,700 |
| Revenue | US$ in thousands | 3,987,100 | 4,061,100 | 3,754,700 | 2,994,800 | 2,957,200 |
| Net profit margin | 15.62% | 11.84% | 14.73% | 11.97% | 12.03% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $622,700K ÷ $3,987,100K
= 15.62%
Based on the data provided, Pentair plc's net profit margin has varied over the past five years. The net profit margin measures the company's profitability by indicating how much of each dollar of revenue translates into profit after all expenses are deducted. In 2023, Pentair plc's net profit margin was 15.17%, showing an improvement compared to the previous year's 11.67%. This increase suggests that the company was able to control costs more effectively and generate a higher level of profit relative to its revenue in 2023. In 2021, the net profit margin was 14.69%, which was slightly higher than in 2020 (11.88%) and 2019 (12.03%). Overall, the trend in Pentair plc's net profit margin indicates a generally positive performance in terms of generating profits relative to its revenue over the past five years.
Peer comparison
Dec 31, 2023