• Moody's average net profit margin for 2023 was 26.2%, a 7.62% increase from 2022.
• Moody's average net profit margin for 2022 was 28.36%, a 20.45% decline from 2021.
• Moody's average net profit margin for 2021 was 35.65%, a 8.29% decline from 2020.

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