Enovis Corp (ENOV)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -748,439 | -89,445 | -78,200 | -75,755 | -62,413 | -78,129 | -75,556 | -86,298 | -11,508 | 65,368 | 147,277 | 248,454 | 256,643 | 259,682 | 257,623 | 176,761 | 162,291 | 195,731 | 201,661 | 248,116 |
| Revenue (ttm) | US$ in thousands | 2,107,623 | 2,001,668 | 1,913,970 | 1,817,312 | 1,707,197 | 1,660,890 | 1,627,180 | 1,593,795 | 2,211,014 | 2,825,571 | 3,407,648 | 3,998,459 | 3,854,300 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 |
| Operating profit margin | -35.51% | -4.47% | -4.09% | -4.17% | -3.66% | -4.70% | -4.64% | -5.41% | -0.52% | 2.31% | 4.32% | 6.21% | 6.66% | 7.10% | 7.36% | 5.64% | 5.29% | 6.25% | 6.36% | 7.17% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-748,439K ÷ $2,107,623K
= -35.51%
Enovis Corp's operating profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The operating profit margin started at a moderate level of 7.17% in March 2020 and gradually decreased to 4.32% by June 30, 2022. Subsequently, there was a significant decline to -0.52% by December 31, 2022. This negative trend continued until March 31, 2023, with the operating profit margin reaching -5.41%.
Despite the negative trajectory, there was a slight improvement to -3.66% by December 31, 2023. However, the operating profit margin worsened again to -35.51% by December 31, 2024, indicating a substantial decline in profitability.
This decline in the operating profit margin suggests that Enovis Corp may be facing challenges in generating profits from its core operations. It is essential for the company to assess its cost structure, pricing strategies, and operational efficiency to improve its profitability and ensure long-term sustainability.
Peer comparison
Dec 31, 2024