Teleflex Incorporated (TFX)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	356,328	363,139	485,374	335,324	461,466
Revenue	US$ in thousands	2,908,220	2,757,200	2,758,900	2,489,840	2,525,140
Net profit margin		12.25%	13.17%	17.59%	13.47%	18.27%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $356,328K ÷ $2,908,220K
= 12.25%

The net profit margin of Teleflex Incorporated has shown some fluctuations over the past five years. In 2023, the net profit margin decreased to 11.98% from 13.01% in 2022. This decline could indicate potential challenges in managing costs and expenses relative to revenue generation during the year. Comparing to previous years, the net profit margin was also lower than the 17.28% recorded in 2021 and 17.78% in 2019, suggesting a decrease in profitability efficiency in 2023. Overall, it would be valuable for Teleflex Incorporated to assess its cost structure and revenue streams to address the decline in net profit margin and strive for sustainable profitability in the future.