Enovis Corp (ENOV)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -775,719 | -65,709 | -88,570 | 256,643 | 162,291 |
| Revenue | US$ in thousands | 2,107,620 | 1,707,200 | 1,563,100 | 3,854,300 | 3,070,770 |
| Operating profit margin | -36.81% | -3.85% | -5.67% | 6.66% | 5.29% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-775,719K ÷ $2,107,620K
= -36.81%
The operating profit margin of Enovis Corp has shown fluctuating trends over the past five years. In December 2020, the operating profit margin was 5.29%, indicating that the company generated 5.29 cents of operating profit for every dollar of sales. This margin improved to 6.66% by December 2021, reflecting enhanced operational efficiency and profitability.
However, the trend reversed in the subsequent years. By December 2022, the operating profit margin declined significantly to -5.67%, indicating that the company incurred operating losses and its expenses exceeded its operating income. This negative margin persisted in December 2023, although to a slightly lesser extent at -3.85%.
The most concerning development was observed by December 2024, with the operating profit margin plummeting to -36.81%. This indicates that Enovis Corp experienced a substantial decline in profitability, likely due to a combination of lower revenues and higher operating expenses.
Overall, the trend in Enovis Corp's operating profit margin suggests a period of initial improvement followed by a severe deterioration in profitability, highlighting potential challenges facing the company that require careful management and strategic decision-making to address.
Peer comparison
Dec 31, 2024