CONMED Corporation (CNMD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 64,459 | -80,582 | 62,542 | 9,517 | 28,620 |
| Revenue | US$ in thousands | 1,244,740 | 1,045,470 | 1,010,640 | 862,459 | 955,097 |
| Net profit margin | 5.18% | -7.71% | 6.19% | 1.10% | 3.00% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $64,459K ÷ $1,244,740K
= 5.18%
Conmed Corp.'s net profit margin has fluctuated over the past five years, indicating varying levels of profitability. In 2023, the net profit margin stood at 5.18%, signaling that the company retained approximately $0.052 of each dollar of revenue as profit after accounting for all expenses. This represents a significant improvement compared to the negative net profit margin of -7.71% in 2022, which may suggest that the company has effectively managed its costs and increased its profitability.
The net profit margin was also positive in 2021 at 6.19%, demonstrating solid profitability in that year. However, the net profit margin was lower in 2020 at 1.10% and in 2019 at 3.00%, indicating lesser levels of profitability during those periods.
Overall, Conmed Corp.'s net profit margin trend shows a mix of positive and negative performances in recent years, reflecting fluctuations in the company's ability to generate profits relative to its revenue. It would be essential for the company to focus on maintaining or improving its net profit margin consistently to ensure sustained profitability and efficiency in its operations.
Peer comparison
Dec 31, 2023