Glaukos Corp (GKOS)

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 -122,366 -132,322 -135,672 -134,773 -128,700 -123,812 -117,413 -125,098 -82,313 -66,448 -33,813 -11,275 -32,872 -26,395 -49,771 -82,746 -123,553 -141,858 -141,921 -100,964
Revenue (ttm) US$ in thousands 373,901 353,962 331,942 313,252 303,223 293,554 286,692 278,963 272,731 274,744 281,666 290,488 292,910 292,904 283,025 236,490 222,935 215,550 208,628 235,970
Operating profit margin -32.73% -37.38% -40.87% -43.02% -42.44% -42.18% -40.95% -44.84% -30.18% -24.19% -12.00% -3.88% -11.22% -9.01% -17.59% -34.99% -55.42% -65.81% -68.03% -42.79%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-122,366K ÷ $373,901K
= -32.73%

The operating profit margin of Glaukos Corp has experienced fluctuations over the past few years. It started at a significant negative level of -42.79% on March 31, 2020, indicating that the company's operating expenses were higher than its operating profits. The margin worsened by June 30, 2020, dropping to -68.03%, suggesting further challenges in managing costs effectively.

There was a slight improvement by September 30, 2020, with the operating profit margin at -65.81%, although it remained in negative territory. The trend continued to fluctuate throughout 2021 and early 2022, reaching a low of -3.88% on March 31, 2022, before deteriorating again.

By June 30, 2024, the operating profit margin stood at -40.87%, showing a slight recovery from the lowest levels seen in earlier periods. However, it was still below the ideal level of profitability, indicating that Glaukos Corp was facing challenges in generating operating profits compared to its operating expenses.

Overall, the trend in Glaukos Corp's operating profit margin reflects inconsistencies in managing operational costs and generating profits over the analyzed period.