Biogen Inc (BIIB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,161,100 | 3,046,900 | 1,556,100 | 4,000,600 | 5,888,500 |
| Revenue | US$ in thousands | 9,835,600 | 10,173,400 | 10,981,700 | 13,444,600 | 14,377,900 |
| Net profit margin | 11.81% | 29.95% | 14.17% | 29.76% | 40.96% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,161,100K ÷ $9,835,600K
= 11.81%
The net profit margin of Biogen Inc has experienced fluctuations over the past five years. In 2019, the net profit margin was at its highest, standing at 40.96%. However, in the following years, there was a notable decrease in the net profit margin, reaching 29.76% in 2020 and further dropping to 14.17% in 2021. The net profit margin then rebounded to 29.95% in 2022 before decreasing again to 11.81% in 2023. These fluctuations suggest that Biogen Inc's profitability has been volatile, potentially impacted by various factors such as changes in revenue, expenses, or other economic conditions. Further analysis and investigation into the company's financial performance and strategic decisions may provide insights into the reasons behind the fluctuations in the net profit margin.
Peer comparison
Dec 31, 2023