CONMED Corporation (CNMD)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 200,326 | 130,786 | 70,054 | 37,847 | -26,970 |
| Revenue | US$ in thousands | 1,307,020 | 1,244,740 | 1,045,470 | 1,010,640 | 862,459 |
| Operating profit margin | 15.33% | 10.51% | 6.70% | 3.74% | -3.13% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $200,326K ÷ $1,307,020K
= 15.33%
CONMED Corporation's operating profit margin has shown a steady improvement over the years, reflecting enhanced operational efficiency and profitability. Starting at -3.13% on December 31, 2020, the margin has steadily increased to 3.74% by December 31, 2021, and continued to rise to 6.70% by December 31, 2022. The most significant improvement was seen by December 31, 2023, where the operating profit margin reached 10.51%, indicating a substantial boost in the company's ability to generate profits from its core operations. By December 31, 2024, the margin further improved to 15.33%, showcasing a robust performance in managing operating costs and driving revenue growth. Overall, the positive trajectory of CONMED Corporation's operating profit margin demonstrates its effective management strategies and improving financial health.
Peer comparison
Dec 31, 2024