3D Systems Corporation (DDD)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -406,004 | -117,019 | -33,069 | -118,963 | -57,104 |
| Revenue | US$ in thousands | 512,487 | 530,813 | 965,674 | 548,190 | 622,454 |
| Operating profit margin | -79.22% | -22.05% | -3.42% | -21.70% | -9.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-406,004K ÷ $512,487K
= -79.22%
The operating profit margin for 3D Systems Corporation has displayed significant variability over the past five years. The margin experienced a notable decline in 2023, reaching a negative value of -79.22%, which indicates that the company's operating expenses exceeded its operating income, leading to a substantial loss from core operations. This decline represented a stark contrast from the previous year, 2022, when the operating profit margin was also negative at -22.05%.
In 2021, the operating profit margin improved slightly to -3.42%, indicating a reduction in operating expenses relative to operating income compared to the preceding year. However, this improvement was not sustained, as evidenced by the significant decrease in 2023.
The data further reveals that in 2020 and 2019, the company experienced negative operating profit margins of -21.70% and -9.17% respectively. These negative margins indicate ongoing challenges in managing operating expenses relative to generating operating income.
Overall, the fluctuating and predominantly negative trend in the operating profit margin for 3D Systems Corporation suggests potential issues with cost control, revenue generation, or operational efficiency that may require scrutiny and strategic intervention to enhance the company's financial performance in the future.
Peer comparison
Dec 31, 2023