Revvity Inc. (RVTY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	693,094	569,179	943,157	727,887	227,558
Revenue	US$ in thousands	2,750,570	3,311,820	3,827,810	3,782,740	2,883,670
Net profit margin		25.20%	17.19%	24.64%	19.24%	7.89%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $693,094K ÷ $2,750,570K
= 25.20%

The net profit margin of Revvity Inc. has shown varying trends over the past five years. In 2019, the net profit margin was 7.89%, indicating that the company generated a net profit of 7.89% of its total revenue. Over the subsequent years, there was an improvement in the net profit margin, with percentages of 19.24% in 2021, 18.61% in 2022, and 17.19% in 2023. This improvement suggests that the company became more efficient in managing its expenses and generating profits relative to its revenue.

In 2023, Revvity Inc. achieved a net profit margin of 25.20%, indicating a significant increase compared to the previous year. This could be attributed to various factors such as increased revenue, effective cost management, or improved operational efficiency. A higher net profit margin is generally viewed positively as it indicates that the company is able to convert a larger proportion of its revenue into profits. Overall, the trend in the net profit margin of Revvity Inc. reflects positive developments in its financial performance and profitability over the analyzed period.