Cross Country Healthcare Inc (CCRN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	72,631	188,461	132,002	-12,962	-57,713
Revenue	US$ in thousands	2,009,910	2,788,490	1,669,790	833,527	815,040
Net profit margin		3.61%	6.76%	7.91%	-1.56%	-7.08%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $72,631K ÷ $2,009,910K
= 3.61%

Cross Country Healthcares, Inc. has experienced fluctuating net profit margins over the past five years. In 2019, the company reported a negative net profit margin of -7.02%, indicating that expenses exceeded revenues. However, the company managed to turn around its performance in the following years, with positive net profit margins of -1.55% in 2020, 7.87% in 2021, and 6.71% in 2022.

In 2023, the net profit margin decreased to 3.60%, showing a decline in profitability compared to the previous year. This decrease may indicate that the company faced challenges managing its expenses relative to its revenues, impacting overall profitability.

Overall, the varying trends in net profit margins suggest that Cross Country Healthcares, Inc. has experienced both positive and negative periods of profitability over the past five years. Monitoring and analyzing these fluctuations can provide insights into the company's financial health and performance.