Verisk Analytics Inc (VRSK)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	614,600	953,900	666,200	712,700	449,900
Revenue	US$ in thousands	2,577,100	2,359,100	2,871,900	2,646,100	2,477,000
Net profit margin		23.85%	40.43%	23.20%	26.93%	18.16%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $614,600K ÷ $2,577,100K
= 23.85%

Verisk Analytics Inc's net profit margin has exhibited fluctuating trends over the last five years. In 2023, the net profit margin was 22.92%, showing a decline from the previous year's level of 38.20%. This decrease may raise concerns about the company's ability to efficiently convert revenue into profit. However, it is worth noting that the net profit margin in 2023 is still higher than the levels reported in 2020 and 2019, which were 22.22% and 17.26%, respectively. This indicates that the company has been able to maintain relatively strong profitability despite the recent decrease. Further analysis of the factors contributing to the change in net profit margin would be necessary to assess the overall financial health and performance of Verisk Analytics Inc.