• Timken average net profit margin for 2023 was 8.82%, a 0.8% decline from 2022.
• Timken average net profit margin for 2022 was 8.75%, a 2.56% increase from 2021.
• Timken average net profit margin for 2021 was 8.98%, a 1.54% decline from 2020.

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