Boston Scientific Corp (BSX)
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 | 1,591,000 | 1,282,000 | 966,000 | 956,000 | 752,000 | 653,000 | 884,000 | 810,000 | 1,041,000 | 884,000 | 310,000 | -23,000 | -353,000 | -514,000 | -233,000 | 68,000 | 481,000 | 614,000 | 920,000 | 1,321,000 |
| Revenue (ttm) | US$ in thousands | 13,974,000 | 10,508,000 | 10,348,000 | 9,999,000 | 9,228,000 | 12,104,000 | 11,689,000 | 11,502,000 | 11,625,000 | 11,168,000 | 10,855,000 | 9,774,000 | 9,553,000 | 9,751,000 | 9,790,000 | 10,420,000 | 10,349,000 | 10,035,000 | 9,758,000 | 9,649,000 |
| Net profit margin | 11.39% | 12.20% | 9.34% | 9.56% | 8.15% | 5.39% | 7.56% | 7.04% | 8.95% | 7.92% | 2.86% | -0.24% | -3.70% | -5.27% | -2.38% | 0.65% | 4.65% | 6.12% | 9.43% | 13.69% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,591,000K ÷ $13,974,000K
= 11.39%
The net profit margin of Boston Scientific Corp. has shown variability over the last eight quarters. In Q4 2023, the net profit margin stood at 11.03%, representing a significant increase from the previous quarter's 8.64%. This improvement indicates that the company experienced higher profitability relative to its revenue in the most recent quarter. The trend of increasing net profit margin from Q1 2023 (6.46%) to Q4 2023 suggests an enhancement in the company's operational efficiency and cost management.
Comparing the current net profit margin to the same quarter in the previous year, there has been a notable improvement from Q4 2022 (5.05%) to Q4 2023. This indicates that Boston Scientific Corp. has managed to enhance its profitability over a year.
Overall, the increasing trend in net profit margin signals positive performance in terms of managing costs and generating profits. However, continuous monitoring of the company's profitability ratios is advisable to assess its financial health and sustainability over time.
Peer comparison
Dec 31, 2023