Xpel Inc (XPEL)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 45,489 | 52,800 | 41,381 | 31,567 | 18,282 |
| Revenue | US$ in thousands | 420,400 | 396,293 | 323,993 | 259,263 | 158,924 |
| Net profit margin | 10.82% | 13.32% | 12.77% | 12.18% | 11.50% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $45,489K ÷ $420,400K
= 10.82%
Xpel Inc's net profit margin has shown a generally positive trend over the years, increasing from 11.50% in December 2020 to 13.32% in December 2023. This indicates that the company has been able to effectively control its costs in relation to its revenue, resulting in a higher percentage of net income generated from each dollar of revenue.
However, there was a slight decline in the net profit margin to 10.82% in December 2024. This could be a potential concern as it may suggest that the company's profitability temporarily decreased compared to the previous year.
Overall, Xpel Inc's net profit margin demonstrates a strong performance, with variations over the years possibly influenced by changes in the company's cost structure, revenue growth, or other operational factors. Monitoring this ratio is essential for assessing the company's efficiency in generating profits from its core operations.