Net Profit Margin
since 2015
Calculation
SolarEdge Technologies Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 3.02% | = | 100 | × | 93,779) | ÷ | 3,110,279) |
| Dec 31, 2021 | 8.61% | = | 100 | × | 169,170) | ÷ | 1,963,865) |
| Dec 31, 2020 | 9.62% | = | 100 | × | 140,322) | ÷ | 1,459,271) |
| Dec 31, 2019 | 10.28% | = | 100 | × | 146,549) | ÷ | 1,425,660) |
| Dec 31, 2018 | 13.75% | = | 100 | × | 128,833) | ÷ | 937,237) |
| Dec 31, 2017 | 13.87% | = | 100 | × | 84,172) | ÷ | 607,045) |
| Jun 30, 2016 | 15.64% | = | 100 | × | 76,609) | ÷ | 489,843) |
| Jun 30, 2015 | 6.50% | = | 100 | × | 21,121) | ÷ | 325,078) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$ in thousands
- Net Income
- The net income exhibited a general upward trend from 2015 through 2021, increasing from $21,121 thousand in 2015 to a peak of $169,170 thousand in 2021. However, in 2022, net income saw a notable decline to $93,779 thousand, indicating a significant reduction compared to the prior year.
- Revenues
- Revenues consistently grew over the entire period analyzed. Starting at $325,078 thousand in 2015, there was a steady rise each year, culminating in $3,110,279 thousand in 2022. This represents a substantial expansion in sales or operational scale, with no observed periods of decline in revenue.
- Net Profit Margin
- The net profit margin displayed variability despite the increasing revenues. Initially, it improved sharply from 6.5% in 2015 to a peak of approximately 15.64% in 2016. Thereafter, it generally declined over the years, with a gradual decrease from 13.87% in 2017 to 3.02% in 2022. This suggests that despite rising revenues, profitability relative to sales diminished substantially, particularly in the most recent year analyzed.
- Overall Insights
- The data indicates strong revenue growth alongside an initially improving but later deteriorating profitability trend. The decline in net income in 2022 despite record revenues signals increased costs or expenses, pressure on margins, or other operational challenges impacting profitability. The net profit margin reduction underscores potential efficiency or cost control issues despite expanding sales volume.
Comparison to Competitors
SolarEdge Technologies Inc., net profit margin, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 3.02% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | 28.24% | 36.23% | 29.27% | 43.68% |
| Dec 31, 2021 | 8.61% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | 21.16% | 25.98% | 26.94% | 42.35% |
| Dec 31, 2020 | 9.62% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 12.54% | 25.61% | 22.09% | 38.69% |
| Dec 31, 2019 | 10.28% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | 26.97% | 35.34% | 18.07% | 34.88% |
| Dec 31, 2018 | 13.75% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 46.51% | 31.37% | -21.40% | 35.35% |
| Dec 31, 2017 | 13.87% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 25.04% | 24.11% | 11.06% | 24.61% |
| Jun 30, 2016 | 15.64% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -2.23% | 12.26% | 24.22% | 26.89% |
| Jun 30, 2015 | 6.50% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 17.90% | 13.47% | 20.85% | 22.97% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2022 | 3.02% | 25.54% |
| Dec 31, 2021 | 8.61% | 25.83% |
| Dec 31, 2020 | 9.62% | 23.10% |
| Dec 31, 2019 | 10.28% | 24.49% |
| Dec 31, 2018 | 13.75% | 27.65% |
| Dec 31, 2017 | 13.87% | 17.11% |
| Jun 30, 2016 | 15.64% | 14.20% |
| Jun 30, 2015 | 6.50% | 18.44% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., net profit margin, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 3.02% | 22.42% |
| Dec 31, 2021 | 8.61% | 23.60% |
| Dec 31, 2020 | 9.62% | 19.65% |
| Dec 31, 2019 | 10.28% | 19.84% |
| Dec 31, 2018 | 13.75% | 18.57% |
| Dec 31, 2017 | 13.87% | 17.85% |
| Jun 30, 2016 | 15.64% | 17.79% |
| Jun 30, 2015 | 6.50% | 18.37% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).