Bio-Rad Laboratories Inc (BIO)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 269,000 | 337,796 | 482,616 | 489,430 | 410,957 |
| Revenue | US$ in thousands | 2,566,500 | 2,671,260 | 2,802,250 | 2,922,540 | 2,545,630 |
| Operating profit margin | 10.48% | 12.65% | 17.22% | 16.75% | 16.14% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $269,000K ÷ $2,566,500K
= 10.48%
Bio-Rad Laboratories Inc's operating profit margin has shown a general upward trend from 16.14% in December 2020 to 17.22% in December 2022. However, there was a notable decline to 12.65% in December 2023 and a further decrease to 10.48% by December 2024. This indicates a fluctuating pattern in the company's profitability relative to its revenues and operating expenses over the years. The decline in operating profit margin in the latter years may raise concerns about the company's cost management efficiency and revenue generation strategies. Further analysis of the company's financial performance and operational efficiencies may be required to understand the factors driving these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2024