• Nice average net profit margin for 2023 was 13.64%, a 21.35% increase from 2022.
• Nice average net profit margin for 2022 was 11.24%, a 0.09% increase from 2021.
• Nice average net profit margin for 2021 was 11.23%, a 7.88% increase from 2020.

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