3D Systems Corporation (DDD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -362,688 | -122,711 | 322,052 | -149,594 | -69,880 |
| Revenue | US$ in thousands | 512,487 | 530,813 | 965,674 | 548,190 | 622,454 |
| Net profit margin | -70.77% | -23.12% | 33.35% | -27.29% | -11.23% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-362,688K ÷ $512,487K
= -70.77%
The net profit margin of 3D Systems Corporation has been fluctuating significantly over the past five years, as indicated by the data provided. In 2019, the company experienced a negative net profit margin of -11.23%, followed by a further decline in 2020 to -27.29%. However, there was a notable improvement in 2021 when the net profit margin surged to 33.35%, indicating a strong profitability performance that year.
Unfortunately, this positive trend was not sustained, as seen by the sharp decrease in the net profit margin to -23.12% in 2022. The most recent data from December 31, 2023, reflects a substantial decline, with the net profit margin plummeting to -70.77%. This sharp downturn may raise concerns about the company's ability to generate profits relative to its revenue.
Overall, the erratic trend in 3D Systems Corporation's net profit margin over the past five years suggests a lack of consistent profitability and operational efficiency, which may require further investigation and strategic actions to improve financial performance.
Peer comparison
Dec 31, 2023