Profit refers to the financial gain that a business or individual earns from their activities after accounting for all expenses, costs, and taxes. In a general sense, it is the difference between revenue (income generated from sales or other activities) and expenses (costs incurred in generating that income).
Profit margin is a financial metric that shows the percentage of revenue that represents profit. It is used to assess how effectively a company is managing its expenses relative to its sales. A higher profit margin indicates that a company is more efficient at converting revenue into actual profit.