• Nova average net profit margin for 2023 was 25.3%, a 6.75% increase from 2022.
• Nova average net profit margin for 2022 was 23.7%, a 11.32% increase from 2021.
• Nova average net profit margin for 2021 was 21.29%, a 20.35% increase from 2020.

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