Amgen Inc (AMGN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,090,000 | 6,717,000 | 6,552,000 | 5,893,000 | 7,264,000 |
| Revenue | US$ in thousands | 33,424,000 | 28,190,000 | 26,323,000 | 25,979,000 | 25,424,000 |
| Net profit margin | 12.24% | 23.83% | 24.89% | 22.68% | 28.57% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,090,000K ÷ $33,424,000K
= 12.24%
Based on the provided data, Amgen Inc's net profit margin has shown some fluctuations over the years. In December 31, 2020, the net profit margin was 28.57%, indicating that the company was able to convert 28.57% of its total revenue into net profit. However, by December 31, 2024, the net profit margin had decreased significantly to 12.24%.
The decreasing trend in net profit margin from 2020 to 2024 suggests that Amgen Inc may be experiencing challenges in managing its costs relative to its revenue, leading to a lower percentage of profit generated from its sales. This could be a cause for concern as it may impact the company's overall profitability and financial health.
It would be advisable for Amgen Inc to closely monitor and analyze the factors contributing to the declining net profit margin, such as increasing expenses or pricing pressures, in order to make strategic adjustments and improve profitability in the future.
Peer comparison
Dec 31, 2024