Glaukos Corp (GKOS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -146,372 | -134,661 | -99,195 | -49,593 | -120,348 |
| Revenue | US$ in thousands | 378,263 | 301,165 | 266,924 | 278,319 | 211,679 |
| Net profit margin | -38.70% | -44.71% | -37.16% | -17.82% | -56.85% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-146,372K ÷ $378,263K
= -38.70%
Glaukos Corp's net profit margin has displayed fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The company experienced a significant decline in net profit margin from -56.85% in 2020 to -17.82% in 2021, indicating a notable improvement in profitability. However, this positive trend was not sustained as the net profit margin decreased to -37.16% in 2022, further dropping to -44.71% in 2023. Despite a slight recovery to -38.70% in 2024, the company's profitability remains in the negative territory throughout the period.
It is evident that Glaukos Corp has struggled to generate profits relative to its revenue during these years, with successive years of negative net profit margins raising concerns about the company's ability to effectively control costs and expenses. The consistently low net profit margins may indicate potential inefficiencies in the company's operations or challenges in maintaining profitability in a competitive market environment. It would be advisable for Glaukos Corp to undertake a thorough review of its cost structure and revenue-generating strategies to enhance profitability and ensure long-term sustainability.
Peer comparison
Dec 31, 2024