Enovis Corp (ENOV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -33,261 | -13,292 | 71,657 | 42,625 | -527,646 |
| Revenue | US$ in thousands | 1,699,490 | 1,524,550 | 3,751,870 | 2,959,420 | 3,222,130 |
| Net profit margin | -1.96% | -0.87% | 1.91% | 1.44% | -16.38% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-33,261K ÷ $1,699,490K
= -1.96%
The net profit margin of Enovis Corp has shown fluctuations over the past five years. In 2023, the company's net profit margin was -1.95%, indicating that for every dollar of revenue generated, the company incurred a loss of 1.95 cents. This represents a decline compared to the previous year's net profit margin of -0.85%.
In 2021, the company managed to achieve a net profit margin of 1.86%, indicating that the company generated a profit of 1.86 cents for every dollar of revenue. This was an improvement from the previous year's net profit margin of 1.39%.
Notably, in 2019, Enovis Corp experienced a significantly negative net profit margin of -15.86%, which implies that significant losses were incurred compared to the more recent years.
Overall, the trend in net profit margin suggests variability in the company's profitability performance, with a mix of positive and negative margins recorded in the past five years. Further analysis would be required to understand the underlying factors driving these fluctuations and to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023