Vontier Corp (VNT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 376,900 | 401,300 | 413,000 | 342,000 |
| Revenue | US$ in thousands | 3,081,000 | 3,083,800 | 2,921,100 | 2,671,300 |
| Net profit margin | 12.23% | 13.01% | 14.14% | 12.80% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $376,900K ÷ $3,081,000K
= 12.23%
The net profit margin of Vontier Corporation has exhibited some variability over the past five years. The trend indicates that the company's profitability, as measured by net profit margin, has ranged from 12.18% in 2023 to 15.75% in 2019. Although there was a decline from 2021 to 2023, it is important to note that the net profit margin remained above 12%, indicating that Vontier Corporation has maintained relatively healthy profitability levels. Overall, while there has been some fluctuation, the company has generally managed to generate a reasonable level of profit relative to its revenue in recent years.
Peer comparison
Dec 31, 2023