Amgen Inc (AMGN)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,717,000 | 7,566,000 | 7,979,000 | 7,917,000 | 6,552,000 | 6,835,000 | 6,576,000 | 5,723,000 | 5,893,000 | 5,609,000 | 5,746,000 | 7,085,000 | 7,264,000 | 7,352,000 | 7,299,000 | 7,675,000 | 7,842,000 | 8,067,000 | 7,958,000 | 8,075,000 |
| Revenue (ttm) | US$ in thousands | 25,976,000 | 18,426,000 | 18,462,000 | 18,381,000 | 18,649,000 | 51,099,000 | 51,147,000 | 51,407,000 | 51,365,000 | 25,471,000 | 25,484,000 | 25,164,000 | 25,424,000 | 24,987,000 | 24,301,000 | 23,966,000 | 23,362,000 | 23,395,000 | 23,562,000 | 23,750,000 |
| Net profit margin | 25.86% | 41.06% | 43.22% | 43.07% | 35.13% | 13.38% | 12.86% | 11.13% | 11.47% | 22.02% | 22.55% | 28.16% | 28.57% | 29.42% | 30.04% | 32.02% | 33.57% | 34.48% | 33.77% | 34.00% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $6,717,000K ÷ $25,976,000K
= 25.86%
To analyze AMGEN Inc.'s net profit margin based on the provided data, we observe fluctuations in the profitability of the company over the past eight quarters. The net profit margin represents the percentage of revenue that translates into profit after all expenses have been deducted.
AMGEN Inc. demonstrated a strong net profit margin performance, ranging from 21.75% to 30.23% in the observed quarters. The highest net profit margin of 30.23% was recorded in Q1 2023, indicating efficient cost management and revenue generation during that period.
Overall, the company has maintained a generally healthy trend in net profit margins, with the margins consistently above 20% in recent quarters. This stability and profitability suggest effective operational management and strategic decision-making within AMGEN Inc.
It is worth noting the slight fluctuations in net profit margins from quarter to quarter. For instance, there was a decline in the net profit margin from Q3 2023 (28.20%) to Q4 2023 (23.83%). This could be attributed to various factors such as changes in expenses, revenues, or one-time events impacting profitability.
In conclusion, AMGEN Inc.'s net profit margin analysis demonstrates a consistent trend of profitability and efficiency in converting revenue into profit, indicating a strong financial performance across the observed quarters.
Peer comparison
Dec 31, 2023