Boston Scientific Corp (BSX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,603,000 | 2,343,000 | 1,649,000 | 2,043,000 | 1,044,000 |
| Revenue | US$ in thousands | 16,747,000 | 14,240,000 | 12,682,000 | 11,888,000 | 9,913,000 |
| Operating profit margin | 15.54% | 16.45% | 13.00% | 17.19% | 10.53% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,603,000K ÷ $16,747,000K
= 15.54%
Boston Scientific Corp has shown a fluctuating trend in its operating profit margin over the years as per the data provided. The operating profit margin increased from 10.53% in December 2020 to 17.19% in December 2021, indicating a significant improvement in profitability. However, in December 2022, there was a decrease to 13.00%, suggesting a slight decline in operational efficiency.
The operating profit margin then rebounded to 16.45% in December 2023, showing a recovery in profitability levels. Finally, in December 2024, the operating profit margin stood at 15.54%, indicating a relatively stable performance compared to the previous year.
Overall, the company has demonstrated notable fluctuations in its operating profit margin over the years, with improvements in some periods and slight declines in others. It will be crucial for Boston Scientific Corp to continue monitoring and managing its operating expenses effectively to sustain and enhance its profitability in the future.
Peer comparison
Dec 31, 2024