Cactus Inc (WHD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 169,171 | 110,174 | 49,593 | 34,446 | 85,612 |
| Revenue | US$ in thousands | 1,090,880 | 692,436 | 438,080 | 349,742 | 629,748 |
| Net profit margin | 15.51% | 15.91% | 11.32% | 9.85% | 13.59% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $169,171K ÷ $1,090,880K
= 15.51%
Net profit margin, a key profitability ratio, reflects the percentage of each dollar of revenue that translates into profit after all expenses are deducted. In the case of Cactus Inc, the net profit margin has shown a fluctuating trend over the past five years.
Since 2019, the net profit margin has ranged from a low of 9.85% in 2020 to a high of 15.91% in 2022. In 2023, the net profit margin decreased slightly to 15.51%, remaining at a relatively healthy level. This indicates that the company is efficiently managing its expenses, generating a reasonable level of profit relative to its revenue.
Overall, Cactus Inc's net profit margin trend suggests a degree of stability and operational efficiency in converting its revenue into profit. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance and competitiveness in the market.
Peer comparison
Dec 31, 2023