Bio-Techne Corp (TECH)

Net profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	168,105	285,263	272,051	140,410	229,296
Revenue	US$ in thousands	1,159,360	1,137,170	1,094,290	917,080	1,458,180
Net profit margin		14.50%	25.09%	24.86%	15.31%	15.72%

June 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $168,105K ÷ $1,159,360K
= 14.50%

Bio-Techne Corp's net profit margin has fluctuated over the past five years. The company's net profit margin was highest in June 2023 at 25.09% and lowest in June 2021 at 15.31%. It experienced a significant drop in net profit margin from June 2023 to June 2024, declining to 14.50%. Despite this decrease, the company has generally maintained a healthy net profit margin above 15% in the last five years, indicating efficient cost management and profitability. Further analysis of the company's financial performance and factors impacting profitability would be necessary to fully understand the changes in the net profit margin over time.