Gibraltar Industries Inc (ROCK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 110,533 | 82,406 | 75,629 | 64,566 | 65,091 |
| Revenue | US$ in thousands | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 | 898,233 |
| Net profit margin | 8.02% | 5.93% | 5.64% | 6.25% | 7.25% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $110,533K ÷ $1,377,740K
= 8.02%
The net profit margin of Gibraltar Industries Inc. has shown some variability over the past five years. The company's net profit margin increased from 6.21% in 2019 to 6.25% in 2020, indicating a slight improvement in profitability. However, there was a more notable increase in net profit margin in 2021, reaching 5.64%, which was an improvement compared to the previous year.
The most significant improvement in net profit margin occurred in 2022 when the margin increased to 5.93%, demonstrating a notable growth in profitability. This positive trend continued in 2023 with a further increase in net profit margin to 8.02%, indicating a considerable improvement in profitability compared to the previous years.
Overall, the upward trend in net profit margin over the past five years suggests that Gibraltar Industries Inc. has been able to effectively manage its expenses and generate higher profits relative to its revenues. This improvement in profitability is a positive indicator of the company's financial performance and efficiency in converting revenue into net income.
Peer comparison
Dec 31, 2023