• Graco average net profit margin for 2023 was 23.09%, a 7.9% increase from 2022.
• Graco average net profit margin for 2022 was 21.4%, a 4.51% increase from 2021.
• Graco average net profit margin for 2021 was 22.41%, a 16.66% decline from 2020.

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