Rogers Corporation (ROG)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	56,600	116,600	108,133	49,990	47,319
Revenue	US$ in thousands	902,700	959,464	934,230	796,307	890,491
Net profit margin		6.27%	12.15%	11.57%	6.28%	5.31%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $56,600K ÷ $902,700K
= 6.27%

The net profit margin of Rogers Corp. has fluctuated over the past five years. In 2022, the net profit margin was the highest at 12.01%, indicating that the company was able to generate a significant percentage of net profit relative to its revenue. However, in 2023, the net profit margin decreased to 6.23%, which may suggest a decrease in profitability or an increase in expenses relative to revenue. Despite the fluctuation, the net profit margin has generally shown an upward trend since 2019, which could reflect improvements in operational efficiency and cost management within the company. Further analysis of the underlying factors contributing to these changes would be necessary to fully understand the dynamics driving the net profit margin of Rogers Corp.