ICU Medical Inc (ICUI)

Net 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
Net income (ttm)	US$ in thousands	-117,688	-111,007	-70,786	-59,314	-29,655	-28,044	-48,490	-46,030	-74,286	-38,825	5,464	41,336	103,135	109,352	103,257	93,767	86,870	81,369	82,946	86,871
Revenue (ttm)	US$ in thousands	2,381,346	2,339,530	2,303,710	2,256,565	2,259,259	2,249,284	2,293,830	2,305,524	2,279,997	2,042,508	1,780,711	1,541,384	1,316,308	1,296,234	1,278,741	1,260,443	1,271,004	1,266,076	1,254,980	1,263,883
Net profit margin		-4.94%	-4.74%	-3.07%	-2.63%	-1.31%	-1.25%	-2.11%	-2.00%	-3.26%	-1.90%	0.31%	2.68%	7.84%	8.44%	8.07%	7.44%	6.83%	6.43%	6.61%	6.87%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-117,688K ÷ $2,381,346K
= -4.94%

The net profit margin of ICU Medical Inc has shown fluctuations over the reported periods. It started at a healthy level of around 6-8% from March 2020 to December 2021, indicating that the company was able to generate a profit after all expenses were accounted for. However, from March 2022 onwards, the net profit margin took a downturn, falling into negative territory. This suggests that the company's expenses exceeded its revenues during these periods, resulting in a net loss.

The net profit margin continued to decline, reaching its lowest point of around -4.94% by December 2024. This persistent downward trend in the net profit margin raises concerns about the company's financial performance and its ability to sustain profitability in the long run. ICU Medical Inc may need to closely examine its cost structure, revenue streams, and operational efficiency to improve its profit margins and overall financial health.