• Novozymes average net profit margin for 2022 was 20.02%, a 5.92% decline from 2021.
• Novozymes average net profit margin for 2021 was 21.28%, a 0.38% decline from 2020.
• Novozymes average net profit margin for 2020 was 21.2%, a 3.24% increase from 2019.

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