Certara Inc (CERT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -55,357 | 14,731 | -13,266 |
| Revenue | US$ in thousands | 330,498 | 320,407 | 269,717 |
| Net profit margin | -16.75% | 4.60% | -4.92% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-55,357K ÷ $330,498K
= -16.75%
The net profit margin of Certara Inc has exhibited fluctuations in recent years. In 2023, the net profit margin was negative at -15.62%, indicating that the company incurred a loss relative to its revenue. This is a significant decline compared to the previous year's net profit margin of 4.39%. In 2021, the net profit margin was also negative at -4.64%, indicating continued challenges in profitability. The lowest net profit margin was recorded in 2020 at -20.28%, reflecting a substantial loss relative to revenue. These fluctuations in net profit margin suggest varying levels of efficiency in managing operating expenses and generating profits over the years. Further analysis of the company's cost structure and revenue generation strategies may be necessary to understand the underlying factors contributing to these changes in profitability.
Peer comparison
Dec 31, 2023