Zurn Elkay Water Solutions Corporation (ZWS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 112,700 | 61,700 | 120,900 | 180,100 | 34,300 |
| Revenue | US$ in thousands | 1,530,500 | 1,281,800 | 910,900 | 2,068,300 | 2,050,900 |
| Net profit margin | 7.36% | 4.81% | 13.27% | 8.71% | 1.67% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $112,700K ÷ $1,530,500K
= 7.36%
The net profit margin of Zurn Elkay Water Solutions Corporation has fluctuated over the past five years, indicating varying levels of profitability relative to its revenue. In 2023, the company's net profit margin stood at 7.36%, showing an improvement compared to the previous year when it was 4.81%. This suggests that the company was able to generate more profit for each dollar of revenue in 2023.
However, when compared to 2021, where the net profit margin was 13.27%, the 2023 figure is notably lower. This could indicate either a decrease in overall profitability or an increase in expenses relative to revenue.
Looking further back, the company experienced a significant improvement in net profit margin in 2021 compared to 2020 (8.71%) and 2019 (1.67%). This substantial increase indicates that the company became more efficient in managing its costs and expenses relative to its revenue in 2021.
Overall, while the 2023 net profit margin of 7.36% is an improvement from the previous year, it is essential for Zurn Elkay Water Solutions Corporation to monitor its profitability closely and ensure that it remains competitive and sustainable in the long run.
Peer comparison
Dec 31, 2023