Gentherm Inc (THRM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	40,343	24,441	93,434	59,690	37,506
Revenue	US$ in thousands	1,447,650	1,192,770	1,044,070	902,575	968,913
Net profit margin		2.79%	2.05%	8.95%	6.61%	3.87%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $40,343K ÷ $1,447,650K
= 2.79%

Gentherm Inc's net profit margin has fluctuated over the past five years. The company's net profit margin was 2.75% in 2023, an improvement compared to the previous year's 2.03%. However, it was lower than the peak of 8.93% in 2021. This indicates that the company's ability to generate profit relative to its revenue has varied in recent years. Further analysis of the company's financial performance and factors impacting its profitability trends would be necessary to understand the reasons behind these fluctuations in net profit margin.