Sensient Technologies Corporation (SXT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	93,394	140,887	118,745	109,472	82,047
Revenue	US$ in thousands	1,430,740	1,422,220	1,367,390	1,317,440	1,303,950
Net profit margin		6.53%	9.91%	8.68%	8.31%	6.29%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $93,394K ÷ $1,430,740K
= 6.53%

The net profit margin of Sensient Technologies Corp. has fluctuated over the past five years, ranging from 6.20% in 2019 to 9.80% in 2022. The company's net profit margin decreased to 6.41% in 2023, showing a downward trend in profitability. A declining net profit margin could indicate challenges in controlling costs or generating revenue, potentially impacting the company's overall financial performance. Further analysis of the company's financial statements and business operations may be needed to understand the specific factors driving the changes in net profit margin over the years.