Amgen Inc (AMGN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	6,717,000	6,552,000	5,893,000	7,264,000	7,842,000
Revenue	US$ in thousands	25,568,000	51,272,000	50,799,000	25,424,000	23,362,000
Net profit margin		26.27%	12.78%	11.60%	28.57%	33.57%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $6,717,000K ÷ $25,568,000K
= 26.27%

The net profit margin of AMGEN Inc. has shown some fluctuation over the past five years. The trend indicates a gradual decrease from 33.57% in 2019 to 23.83% in 2023. In 2020, there was a significant jump to 28.57% but it then dropped in 2021 to 22.68%. Despite the fluctuations, the company has maintained a relatively healthy net profit margin above 20% in all years, indicating strong profitability. Further analysis incorporating other financial metrics and industry benchmarks could provide more insight into the factors influencing these fluctuations.