• Popular average net profit margin for 2023 was 22%, a 31.57% decline from 2022.
• Popular average net profit margin for 2022 was 32.15%, a 2.03% decline from 2021.
• Popular average net profit margin for 2021 was 31.51%, a 67.87% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.