Enovis Corp (ENOV)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -825,494 | -33,261 | -38,189 | 98,693 | 64,082 |
| Revenue | US$ in thousands | 2,107,620 | 1,707,200 | 1,563,100 | 3,854,300 | 3,070,770 |
| Net profit margin | -39.17% | -1.95% | -2.44% | 2.56% | 2.09% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-825,494K ÷ $2,107,620K
= -39.17%
The net profit margin of Enovis Corp has shown fluctuations over the years.
In December 2020, the net profit margin was 2.09%, indicating that for every dollar of revenue generated, the company retained approximately 2.09 cents as profit.
By December 2021, this margin had improved to 2.56%, reflecting a slight increase in profitability.
However, in December 2022, the net profit margin took a negative turn, reaching -2.44%. This negative margin suggests that the company's expenses exceeded its revenue, resulting in a net loss for the period.
The trend continued in December 2023 with a net profit margin of -1.95%, indicating ongoing challenges in managing costs relative to revenue.
The most significant decline was observed in December 2024, with a substantial decrease in the net profit margin to -39.17%. This sharp decline raises concerns about the company's financial health and its ability to generate sustainable profits.
Overall, Enovis Corp's net profit margin has shown a mixed performance, with periods of improvement followed by significant declines. This variability highlights the importance of closely monitoring the company's financial performance and implementing strategies to enhance profitability and control costs.
Peer comparison
Dec 31, 2024