Cactus Inc (WHD)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 185,407 169,171 110,174 67,470 59,215
Revenue US$ in thousands 1,129,810 1,096,960 688,369 438,589 348,566
Net profit margin 16.41% 15.42% 16.01% 15.38% 16.99%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $185,407K ÷ $1,129,810K
= 16.41%

Based on the data provided, Cactus Inc's net profit margin has shown some fluctuations over the years. In 2020, the net profit margin was at 16.99%, indicating that the company generated $16.99 in profit for every $100 in revenue. The margin slightly decreased to 15.38% in 2021 but then improved to 16.01% in 2022. However, in 2023, the margin declined again to 15.42%, before rebounding to 16.41% in 2024.

Overall, Cactus Inc has maintained a relatively healthy net profit margin range between 15-16%, which suggests efficient cost management and healthy profitability levels relative to its revenue. The fluctuations in the margin may be due to changes in revenue, expenses, or other factors impacting the company's profitability. Further analysis of the underlying financial performance and drivers of these fluctuations would provide additional insights into Cactus Inc's overall financial health and performance.