ICU Medical Inc (ICUI)

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	57,384	468	15,085	10,153	25,827	-4,347	-17,050	-19,858	-46,549	26,675	54,905	89,423	123,245	126,439	113,589	98,675	98,162	88,966	96,335	103,045
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
Operating profit margin		2.41%	0.02%	0.65%	0.45%	1.14%	-0.19%	-0.74%	-0.86%	-2.04%	1.31%	3.08%	5.80%	9.36%	9.75%	8.88%	7.83%	7.72%	7.03%	7.68%	8.15%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $57,384K ÷ $2,381,346K
= 2.41%

The operating profit margin of ICU Medical Inc has displayed some fluctuations over the analyzed period. Starting at 8.15% in March 2020, the margin slightly decreased to 7.68% in June 2020, and then further declined to 7.03% by September 2020. However, a positive trend emerged with the margin increasing to 7.72% in December 2020 and peaking at 9.75% in September 2021. Subsequently, the margin experienced a significant decline, reaching a low of -2.04% by December 2022.
Although the operating profit margin showed signs of recovery in the following periods, the margin remained relatively low or even negative, indicating potential challenges in managing operating costs and generating profits. It stabilized at 2.41% by December 2024, showcasing the company's efforts to improve profitability despite the earlier fluctuations. The varying operating profit margins suggest fluctuations in operating efficiency and cost management practices at ICU Medical Inc during the analyzed period.