Illumina Inc (ILMN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,223,000 | -1,161,000 | -4,404,000 | 762,000 | 656,000 |
| Revenue | US$ in thousands | 4,372,000 | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 |
| Net profit margin | -27.97% | -25.78% | -96.07% | 16.84% | 20.25% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-1,223,000K ÷ $4,372,000K
= -27.97%
The net profit margin of Illumina Inc has exhibited fluctuations over the years based on the provided data. As of December 31, 2020, the net profit margin stood at a healthy 20.25%, indicating that the company was able to retain approximately 20.25% of its revenue as profit after accounting for all expenses and taxes. However, by December 31, 2021, the net profit margin decreased to 16.84%, suggesting a slight decline in profitability.
The financial performance took a significant downturn in December 31, 2022, with a net profit margin of -96.07%. This negative figure indicates that the company incurred losses greater than its revenue during that period, which is a concerning signal for stakeholders. The situation slightly improved by December 31, 2023, although the net profit margin remained negative at -25.78%, indicating continued financial challenges.
By December 31, 2024, the net profit margin further declined to -27.97%, signaling ongoing profitability issues for Illumina Inc. It is essential for the company to address these challenges and implement strategic measures to improve operational efficiency and financial performance in order to sustain long-term success and investor confidence.
Peer comparison
Dec 31, 2024