Qualys Inc (QLYS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	151,595	107,992	70,960	91,572	69,336
Revenue	US$ in thousands	554,458	489,723	411,172	362,963	321,607
Net profit margin		27.34%	22.05%	17.26%	25.23%	21.56%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $151,595K ÷ $554,458K
= 27.34%

The net profit margin of Qualys Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin reached 27.34%, exhibiting an improvement compared to the prior year's margin of 22.05%. This indicates that the company was able to convert a higher percentage of its revenue into profits in 2023.

In 2021, the net profit margin was 17.26%, representing a slight decrease from the margin in 2020, which was 25.23%. Despite the decrease in 2021, the margin remained above 15%, indicating the company's ability to generate profits relative to its revenue.

Similarly, in 2019, the net profit margin was 21.56%, showing a relatively stable performance compared to the following years. Overall, the varying trends in the net profit margin of Qualys Inc suggest changes in the company's profitability and efficiency in managing its operating costs and expenses over the years.