Originally Posted by pedro
they are apparently NET profit numbers, not Gross.
Profit margin is expressed in a percentage.
Here's the numbers for Exxon. Net income before taxes as a % of sales was 14% for 2nd Q 2005, as opposed to 13% in 2004. After taxes, 8% both years. So the Feds got their share, I would think that should make everyone happy. That is a fair margin, but by no means is outrageous. It would be the equivalent of making $40,000 on half a million in sales. Would you consider that to be outrageous? Would you be happy with 8% if it were your business?