Corsair Gaming Inc (CRSR)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -49,954 | -43,753 | -23,567 | -1,567 | 9,193 | 10,709 | 2,141 | -50,105 | -53,630 | -42,133 | -22,052 | 67,621 | 137,894 | 171,650 | 210,616 | 212,313 | 158,361 | 113,686 | 74,927 | 36,666 |
| Revenue (ttm) | US$ in thousands | 1,316,379 | 1,320,042 | 1,379,036 | 1,443,168 | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | 1,923,263 | 1,702,367 | 1,472,583 | 1,299,852 | 1,160,309 |
| Operating profit margin | -3.79% | -3.31% | -1.71% | -0.11% | 0.63% | 0.74% | 0.15% | -3.72% | -3.90% | -2.83% | -1.41% | 3.85% | 7.24% | 8.80% | 10.45% | 11.04% | 9.30% | 7.72% | 5.76% | 3.16% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-49,954K ÷ $1,316,379K
= -3.79%
The operating profit margin of Corsair Gaming Inc has exhibited a fluctuating trend over the analyzed period. Initially, the company's operating profit margin showed a positive growth trajectory, steadily increasing from 3.16% in March 2020 to a peak of 11.04% in March 2021. This upward trend indicated improving operational efficiency and profitability.
However, during the subsequent quarters, the operating profit margin started to decline, reaching a low of -3.90% by December 2022. This negative trend continued into the following periods, with the operating profit margin remaining in negative territory through June 2024.
Despite a slight recovery in the later quarters, the operating profit margin remained below zero, indicating a challenging operating environment for Corsair Gaming Inc. The downward trend in the operating profit margin suggests potential issues with cost management, revenue generation, or a combination of both, which may require further analysis and strategic adjustments by the company to improve its profitability.
Peer comparison
Dec 31, 2024