DexCom Inc (DXCM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	541,500	341,200	216,900	549,700	101,100
Revenue	US$ in thousands	3,603,200	2,889,200	2,333,800	1,822,500	1,396,800
Net profit margin		15.03%	11.81%	9.29%	30.16%	7.24%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $541,500K ÷ $3,603,200K
= 15.03%

The net profit margin of Dexcom Inc has shown variability over the past five years. In 2023, the net profit margin increased to 14.95% from 11.73% in 2022, indicating an improvement in profitability. This suggests that Dexcom Inc was able to generate a higher proportion of net income relative to its total revenue in 2023.

Comparing this to previous years, the net profit margin was relatively low in 2021 at 6.32% and 2019 at 6.85%, indicating lower profitability during those periods. However, in 2020, the net profit margin spiked to 25.62%, indicating a significant increase in profitability compared to the other years.

Overall, despite fluctuations in profitability, Dexcom Inc has generally shown the ability to maintain a positive net profit margin, which is a positive indicator reflecting the company's ability to manage costs and generate profits relative to its revenue.