ICU Medical Inc (ICUI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -29,655 | -74,286 | 103,135 | 86,870 | 101,035 |
| Revenue | US$ in thousands | 2,259,130 | 2,280,000 | 1,316,310 | 1,271,000 | 1,266,210 |
| Net profit margin | -1.31% | -3.26% | 7.84% | 6.83% | 7.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-29,655K ÷ $2,259,130K
= -1.31%
The net profit margin of ICU Medical, Inc. has shown fluctuations over the past five years. In 2019, the net profit margin was 7.98%, indicating that the company generated $0.0798 of profit for every dollar of revenue. However, in subsequent years, the net profit margin declined to 6.83% in 2020 and further to 7.84% in 2021 before turning negative in 2022 and reaching -1.31% in 2023. These declining and negative trends suggest that ICU Medical, Inc. faced challenges in controlling costs and managing profitability in recent years. Further analysis would be required to understand the specific reasons behind the deteriorating net profit margin and to evaluate the company's overall financial health.
Peer comparison
Dec 31, 2023