CONMED Corporation (CNMD)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 64,459 | 57,972 | 88,285 | -93,738 | -80,582 | -82,722 | -113,924 | 67,657 | 62,542 | 62,238 | 54,140 | 13,450 | 9,517 | 310 | 430 | 33,525 | 28,619 | 29,339 | 28,194 | 31,218 |
| Revenue (ttm) | US$ in thousands | 1,244,743 | 1,168,565 | 1,139,075 | 1,098,613 | 1,045,472 | 1,068,575 | 1,042,314 | 1,020,285 | 1,010,635 | 989,493 | 978,501 | 881,125 | 862,458 | 874,495 | 870,250 | 950,728 | 955,096 | 932,675 | 901,392 | 875,949 |
| Net profit margin | 5.18% | 4.96% | 7.75% | -8.53% | -7.71% | -7.74% | -10.93% | 6.63% | 6.19% | 6.29% | 5.53% | 1.53% | 1.10% | 0.04% | 0.05% | 3.53% | 3.00% | 3.15% | 3.13% | 3.56% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $64,459K ÷ $1,244,743K
= 5.18%
The net profit margin of Conmed Corp. has exhibited variability over the past eight quarters. In Q4 2023, it stood at 5.18%, showing a slight improvement from the previous quarter's 4.96%. The Q2 2023 net profit margin reached 7.75%, demonstrating a significant increase compared to the preceding quarters. However, in Q1 2023, the company experienced a negative net profit margin of -8.53%, indicating that expenses exceeded revenues during that period.
Looking back to Q4 2022 and Q3 2022, the net profit margins were negative at -7.71% and -7.74% respectively, with the situation worsening in Q2 2022 to -10.93%. This negative trend reversed in Q1 2022, where a positive net profit margin of 6.63% was achieved, signifying a profitable period for the company.
Overall, Conmed Corp.'s net profit margin has been volatile, with periods of profitability interspersed with losses. It is crucial for the company to closely monitor its expenses and revenue generation to sustain or improve its profitability levels in the future.
Peer comparison
Dec 31, 2023