CONMED Corporation (CNMD)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 132,423 | 64,459 | -80,582 | 62,542 | 9,517 |
| Revenue | US$ in thousands | 1,307,020 | 1,244,740 | 1,045,470 | 1,010,640 | 862,459 |
| Net profit margin | 10.13% | 5.18% | -7.71% | 6.19% | 1.10% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $132,423K ÷ $1,307,020K
= 10.13%
The net profit margin of CONMED Corporation has shown fluctuations over the past five years. In December 2020, the net profit margin was relatively low at 1.10%, indicating that the company was able to convert 1.10% of its total revenue into profit. Subsequently, there was a significant improvement in December 2021, with the net profit margin increasing to 6.19%, suggesting better profitability.
However, there was a notable decline in December 2022, as the net profit margin dropped to -7.71%, indicating that the company incurred a loss during that period. Despite this setback, CONMED Corporation managed to recover in December 2023, achieving a net profit margin of 5.18%. The most recent data point, December 2024, reflects a substantial improvement in profitability, with the net profit margin reaching 10.13%.
Overall, while CONMED Corporation experienced fluctuations in its net profit margin over the years, the company managed to enhance its profitability in recent periods, as evidenced by the positive percentages in 2021, 2023, and 2024. It is crucial for the company to continue monitoring and improving its profitability to ensure sustainable growth and financial stability.
Peer comparison
Dec 31, 2024