GE HealthCare Technologies Inc. (GEHC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 1,993,000 | 1,568,000 | 1,916,000 |
| Revenue | US$ in thousands | 19,108,000 | 18,952,000 | 18,199,000 |
| Net profit margin | 10.43% | 8.27% | 10.53% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,993,000K ÷ $19,108,000K
= 10.43%
The net profit margin of GE HealthCare Technologies Inc. has shown fluctuations over the years based on the provided data. As of December 31, 2022, the net profit margin was at 10.53%, indicating that the company generated a net profit of 10.53 cents for every dollar of revenue. In the following year, by December 31, 2023, the net profit margin decreased to 8.27%, which suggests a lower profitability level compared to the previous year. However, by December 31, 2024, the net profit margin improved to 10.43%, indicating a rebound in profitability.
Overall, the trend in net profit margin for GE HealthCare Technologies Inc. reflects some variability, with fluctuations year on year. It is essential for the company to monitor and manage its costs and revenue effectively to maintain or enhance its profitability levels in the future.
Peer comparison
Dec 31, 2024