Synopsys Inc (SNPS)

Net profit margin

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net income	US$ in thousands	2,263,380	1,229,890	984,594	757,516	664,347
Revenue	US$ in thousands	6,127,440	5,842,620	5,081,540	4,204,190	3,685,280
Net profit margin		36.94%	21.05%	19.38%	18.02%	18.03%

October 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,263,380K ÷ $6,127,440K
= 36.94%

Synopsys Inc's net profit margin has shown a positive trend over the past five years, increasing from 18.03% in October 2020 to 36.94% in October 2024. This indicates that the company has been able to effectively control its expenses and generate higher profits in relation to its revenue. The significant improvement in the net profit margin reflects positively on Synopsys Inc's operational efficiency and could be attributed to better cost management, streamlined operations, or increased revenue growth. Overall, the increasing trend in the net profit margin suggests that Synopsys Inc has been successful in maximizing its profitability over the years.