CONMED Corporation (CNMD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 120,603 | 70,054 | 109,717 | 46,010 | 79,114 |
| Revenue | US$ in thousands | 1,244,740 | 1,045,470 | 1,010,640 | 862,459 | 955,097 |
| Operating profit margin | 9.69% | 6.70% | 10.86% | 5.33% | 8.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $120,603K ÷ $1,244,740K
= 9.69%
Conmed Corp.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin improved to 9.69% compared to 6.70% in 2022. This indicates that the company was able to generate more profit from its core business operations in 2023. However, the operating profit margin in 2023 was still lower than the 10.86% reported in 2021. Additionally, the operating profit margin in 2023 was higher than the levels reported in 2020 (5.33%) and 2019 (8.28%). Overall, while there has been variability in Conmed Corp.'s operating profit margin, the company has shown some improvement in generating operating profits relative to prior years.
Peer comparison
Dec 31, 2023