Illumina Inc (ILMN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,161,000 | -4,404,000 | 762,000 | 656,000 | 1,002,000 |
| Revenue | US$ in thousands | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 | 3,543,000 |
| Net profit margin | -25.78% | -96.07% | 16.84% | 20.25% | 28.28% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-1,161,000K ÷ $4,504,000K
= -25.78%
The net profit margin of Illumina Inc has shown significant fluctuation over the past five years. In 2023, the net profit margin was negative at -25.78%, indicating that the company incurred more expenses than generated revenues, resulting in a loss. This was a substantial decrease compared to the previous year, where the net profit margin was also negative, but at a much lower rate of -96.07%.
In 2022, Illumina Inc saw a positive net profit margin of 16.84%, signaling that the company was able to generate a profit after covering all expenses. However, this margin decreased in the following year to 20.25%, indicating a slight decline in profitability.
The highest net profit margin in the provided data was in 2019, where Illumina Inc achieved a margin of 28.28%. This suggests that the company was more profitable in that year compared to the subsequent years. Overall, the fluctuating net profit margins reflect the varying financial performance of Illumina Inc over the past five years.
Peer comparison
Dec 31, 2023