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Net Income-
Net Profit Margin-
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About

Net Profit Margin (NPM) is the definitive indicator of a company's financial health. While gross margin looks at production efficiency and operating margin looks at management efficiency, Net Profit Margin tells the 'bottom line' story. It answers the question: For every dollar of revenue earned, how much actual cash remains after all expenses, including taxes, interest, and one-off costs, are paid?

Investors closely monitor this metric to gauge a company's ability to turn sales into profit. A declining NPM often signals rising costs or pricing pressure before they become obvious in other metrics. Use this calculator to derive your exact margin and immediately benchmark it against historical S&P 500 averages to see if you are outperforming or lagging behind your sector.

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Formulas

The formula derives the percentage of revenue that becomes net income:

NPM = (R COGS E I TR) × 100

Where:

  • R = Total Revenue
  • COGS = Cost of Goods Sold
  • E = Operating Expenses
  • I = Interest
  • T = Taxes

Reference Data

Industry (S&P 500)Avg. Net Margin (%)Low RangeHigh Range
Technology (Software)20.5%15%35%
Financial Services18.2%10%25%
Pharmaceuticals15.4%12%22%
Real Estate14.8%10%20%
Basic Materials10.2%5%15%
Consumer Goods9.5%6%14%
Utilities8.9%7%12%
Healthcare Services7.5%4%11%
Industrials6.8%4%9%
Energy (Oil & Gas)6.5%-2%15%
Retail (General)3.2%1.5%5%
Construction2.8%1.5%4.5%

Frequently Asked Questions

There is no single number. As the table above shows, a 5% margin is excellent for a grocery retailer (high volume, low margin) but disastrous for a software company (low volume, high margin). Always compare your NPM to competitors within your specific niche.
Gross Profit only subtracts the direct costs of making the product (COGS). Net Profit subtracts EVERYTHING: rent, salaries, marketing, taxes, loan interest, and depreciation. Net Profit is the money you can actually put in the bank or distribute to shareholders.
Yes. A negative NPM means the company is operating at a loss. Startups often run with negative margins while they scale, funding operations through investment capital rather than revenue, but this is not sustainable long-term.
Revenue is vanity; profit is sanity. A company can have $1 billion in revenue but if their expenses are $1.1 billion, they are losing money. NPM reveals the efficiency of the business model, not just the size of the sales.