Fulgent Genetics Inc (FLGT)
Net profit margin
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | -42,708 | -167,825 | 143,403 | 104,339 | 214,310 |
Revenue | US$ in thousands | 283,470 | 289,213 | 618,968 | 992,584 | 421,712 |
Net profit margin | -15.07% | -58.03% | 23.17% | 10.51% | 50.82% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-42,708K ÷ $283,470K
= -15.07%
The net profit margin of Fulgent Genetics Inc has experienced significant fluctuations over the years, reflecting varying levels of profitability.
- In December 31, 2020, the net profit margin was notably high at 50.82%, indicating that the company generated a substantial profit relative to its revenue during that period.
- By December 31, 2021, the net profit margin declined to 10.51%, suggesting a decrease in profitability compared to the previous year.
- The net profit margin improved in the following year, reaching 23.17% by December 31, 2022, signaling a positive trend in profitability.
- However, a significant downturn occurred by December 31, 2023, as the net profit margin plummeted to -58.03%, indicating that the company incurred a substantial loss relative to its revenue.
- Although there was some recovery by December 31, 2024, with the net profit margin improving to -15.07%, the company still experienced a negative profitability margin during that period.
Overall, the fluctuations in the net profit margin of Fulgent Genetics Inc highlight the company's changing financial performance and the challenges it may face in maintaining consistent profitability.
Peer comparison
Dec 31, 2024