Illumina Inc (ILMN)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,160,000 | -1,124,000 | -4,186,000 | -4,487,000 | -4,404,000 | -4,152,000 | -19,000 | 701,000 | 762,000 | 906,000 | 768,000 | 630,000 | 656,000 | 638,000 | 693,000 | 942,000 | 1,002,000 | 973,000 | 938,000 | 851,000 |
| Revenue (ttm) | US$ in thousands | 4,504,000 | 4,465,000 | 4,461,000 | 4,447,000 | 4,583,000 | 4,699,000 | 4,692,000 | 4,656,000 | 4,526,000 | 4,280,000 | 3,966,000 | 3,473,000 | 3,239,000 | 3,238,000 | 3,351,000 | 3,556,000 | 3,543,000 | 3,458,000 | 3,404,000 | 3,396,000 |
| Net profit margin | -25.75% | -25.17% | -93.84% | -100.90% | -96.09% | -88.36% | -0.40% | 15.06% | 16.84% | 21.17% | 19.36% | 18.14% | 20.25% | 19.70% | 20.68% | 26.49% | 28.28% | 28.14% | 27.56% | 25.06% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-1,160,000K ÷ $4,504,000K
= -25.75%
The net profit margin of Illumina Inc has shown significant fluctuations over the past eight quarters. In Q1 2022, the company reported a strong net profit margin of 15.06%, indicating that 15.06% of its revenue translated into profit after accounting for all expenses. However, this trend took a sharp downturn in the following quarters, with Q2 2022 showing a marginal net profit margin of -0.40%. The situation worsened in Q3 2022 and Q4 2022, where the net profit margins were significantly negative at -88.36% and -96.07% respectively.
Moving into 2023, Illumina continued to face challenges with its profitability, as evidenced by Q1 2023 recording a substantial net profit margin of -100.88%, indicating that the company incurred a loss greater than its revenue. This trend persisted in Q2 2023, where the net profit margin reached a low of -93.81%. Although there was a slight improvement in Q3 2023 and Q4 2023, the net profit margins remained negative at -25.17% and -25.78% respectively.
Overall, the fluctuating and mostly negative net profit margins of Illumina Inc suggest a potential struggle in generating profits relative to its revenue and operational costs. It is essential for the company to closely monitor its expenses, revenue streams, and operational efficiency to improve its profitability in the future.
Peer comparison
Dec 31, 2023