Glaukos Corp (GKOS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -128,700 | -82,313 | -32,872 | -123,553 | -50,292 |
| Revenue | US$ in thousands | 301,165 | 266,924 | 278,319 | 211,679 | 233,795 |
| Operating profit margin | -42.73% | -30.84% | -11.81% | -58.37% | -21.51% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-128,700K ÷ $301,165K
= -42.73%
The operating profit margin of Glaukos Corporation has shown fluctuating trends over the past five years, ranging from -54.92% in 2020 to -17.98% in 2021. However, the operating profit margin deteriorated significantly in 2023, dropping to -39.31%. This indicates that for every dollar of sales generated by the company, it incurred a loss of approximately 39.31 cents to cover its operating expenses. The negative operating profit margins suggest that Glaukos Corporation is facing challenges in effectively managing its operating costs and generating profits from its core business activities. Further analysis of the company's cost structure, pricing strategies, and revenue generation is warranted to address the declining trend in operating profit margin.
Peer comparison
Dec 31, 2023