ICU Medical Inc (ICUI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 22,825 | -42,898 | 123,245 | 98,162 | 107,360 |
| Revenue | US$ in thousands | 2,259,130 | 2,280,000 | 1,316,310 | 1,271,000 | 1,266,210 |
| Operating profit margin | 1.01% | -1.88% | 9.36% | 7.72% | 8.48% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $22,825K ÷ $2,259,130K
= 1.01%
The operating profit margin of ICU Medical, Inc. has shown variability over the past years. In 2023, the operating profit margin improved to 2.12% from a negative figure of -0.16% in 2022, indicating a positive turnaround in profitability. However, despite this improvement, the margin remains relatively low compared to the levels seen in 2021, 2020, and 2019, where it ranged between 10.59% and 11.55%.
It is important to further investigate the factors contributing to this fluctuation in operating profit margin to understand the company's operational efficiency and profitability trends effectively. Further analysis of ICU Medical, Inc.'s financial performance and strategic direction would provide more insights into the sustainability and growth prospects of the company.
Peer comparison
Dec 31, 2023