SPX Corp (SPXC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,900 | 200 | 425,400 | 99,000 | 65,300 |
| Revenue | US$ in thousands | 1,713,100 | 1,450,500 | 1,205,300 | 1,542,400 | 1,502,300 |
| Net profit margin | 5.25% | 0.01% | 35.29% | 6.42% | 4.35% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $89,900K ÷ $1,713,100K
= 5.25%
The net profit margin of SPX Corp has fluctuated over the past five years, with a notable variation from 2021 to 2022. In 2023, the net profit margin stands at 5.25%, representing a moderate level of profitability relative to the company's revenues. This figure signifies that for every dollar of revenue generated, SPX Corp retains $0.0525 as net income after accounting for all expenses and taxes. The substantial drop in net profit margin from 2021 to 2022, where it went from 35.29% to 0.01%, indicates a significant decrease in profitability during that period. The subsequent recovery in 2023 suggests a potential improvement in the company's cost management or revenue generation strategies. Overall, while the current net profit margin is below the exceptional levels observed in 2021, it remains relatively stable compared to the preceding years, indicating a reasonable level of profitability for SPX Corp.
Peer comparison
Dec 31, 2023