Westinghouse Air Brake Technologies Corp (WAB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 815,000 | 633,000 | 558,000 | 414,000 | 327,000 |
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Net profit margin | 8.64% | 7.74% | 7.29% | 5.64% | 4.11% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $815,000K ÷ $9,432,000K
= 8.64%
The net profit margin of Westinghouse Air Brake Technologies Corp has shown a consistent upward trend over the past five years, indicating an improvement in the company's profitability. The net profit margin increased from 3.97% in 2019 to 8.42% in 2023, reflecting a steady growth in the company's ability to convert revenue into profit. This suggests that the company has been effectively managing its expenses and generating higher levels of profit relative to its revenue. Overall, the increasing trend in net profit margin signifies a positive financial performance for Westinghouse Air Brake Technologies Corp, demonstrating its improving efficiency and profitability over the years.
Peer comparison
Dec 31, 2023