RB Global Inc. (RBA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	206,500	319,700	151,868	170,095	149,039
Revenue	US$ in thousands	3,679,600	1,733,800	1,416,970	1,377,260	1,318,640
Net profit margin		5.61%	18.44%	10.72%	12.35%	11.30%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $206,500K ÷ $3,679,600K
= 5.61%

RB Global Inc.'s net profit margin has displayed variability over the past five years. The company's net profit margin was highest in 2018 at 18.44% but experienced a decline in subsequent years, reaching its lowest value in 2023 at 5.61%. This decreasing trend indicates a potential challenge in maintaining profitability relative to revenue. The fluctuation in net profit margin may be attributed to changes in operating expenses, revenue streams, or pricing strategies. It is essential for RB Global Inc. to closely monitor and address factors impacting profitability to ensure sustained financial performance and shareholder value.