Vulcan Materials Company (VMC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	933,200	575,600	670,800	584,500	617,700
Revenue	US$ in thousands	7,781,900	7,315,200	5,552,200	4,856,800	4,929,100
Net profit margin		11.99%	7.87%	12.08%	12.03%	12.53%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $933,200K ÷ $7,781,900K
= 11.99%

The net profit margin of Vulcan Materials Co has shown variability over the past five years. In 2023, the company achieved a net profit margin of 11.99%, which represents an improvement compared to 2022 when it stood at 7.87%. However, the net profit margin in 2023 was slightly lower than in 2021 when it was 12.08%.

Looking back further, the net profit margin in 2020 was 12.03%, and in 2019, it was 12.53%. This indicates that Vulcan Materials Co experienced some fluctuations in its profitability over the years.

Overall, the trend in the net profit margin of Vulcan Materials Co seems to have been relatively stable, with slight variations from year to year. It is essential for the company to continue monitoring and managing its expenses and revenue to maintain or improve its profitability in the future.