Corsair Gaming Inc (CRSR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -49,954 | 9,689 | -54,793 | 137,894 | 158,361 |
| Revenue | US$ in thousands | 1,316,380 | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Operating profit margin | -3.79% | 0.66% | -3.98% | 7.24% | 9.30% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-49,954K ÷ $1,316,380K
= -3.79%
Corsair Gaming Inc's operating profit margin has experienced fluctuations over the past five years. In December 2020, the operating profit margin stood at 9.30%, indicating that the company was generating a healthy profit relative to its operating revenue. However, by December 2021, the operating profit margin decreased to 7.24%, suggesting a slight decline in the company's profitability.
The trend took a significant downturn in December 2022, with the operating profit margin turning negative at -3.98%. This negative figure indicates that the company's operating expenses exceeded its operating income during that period, potentially signaling challenges in managing costs effectively or generating sufficient revenue.
In the subsequent years, Corsair Gaming Inc's operating profit margin showed some improvement but remained in negative territory. By December 2023, the margin increased to 0.66%, indicating a slight recovery in profitability. However, in December 2024, the operating profit margin declined again to -3.79%, suggesting continued struggles in achieving positive operating income relative to revenue.
Overall, the analysis of Corsair Gaming Inc's operating profit margin highlights a mixed performance in profitability over the years, with fluctuations and challenges faced by the company in managing its operating expenses and generating sufficient operating income.
Peer comparison
Dec 31, 2024