• Morningstar average net profit margin for 2023 was 3.11%, a 59.77% increase from 2022.
• Morningstar average net profit margin for 2022 was 7.73%, a 46.17% decline from 2021.
• Morningstar average net profit margin for 2021 was 14.36%, a 10.12% decline from 2020.

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