Illumina Inc (ILMN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -833,000 | -1,069,000 | -4,179,000 | -123,000 | 580,000 |
| Revenue | US$ in thousands | 4,372,000 | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 |
| Operating profit margin | -19.05% | -23.73% | -91.16% | -2.72% | 17.91% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-833,000K ÷ $4,372,000K
= -19.05%
The operating profit margin of Illumina Inc has shown significant fluctuations over the years based on the provided data. The margin was positive at 17.91% as of December 31, 2020, indicating that the company was generating profits from its core operations. However, the margin turned negative in the subsequent years, dropping to -2.72% by December 31, 2021, and experiencing further declines to reach -91.16% by December 31, 2022. This substantial negative margin suggests that the company's operating expenses exceeded its gross profit, leading to operating losses.
In the following years, there were slight improvements in the operating profit margin, although it remained negative. By December 31, 2023, the margin was at -23.73%, and it further decreased to -19.05% by December 31, 2024. Despite these improvements, the negative margins indicate that Illumina Inc continued to face challenges in generating profits from its operations. It is essential for the company to closely monitor its operating expenses and seek opportunities to enhance operational efficiency in order to improve its operating profit margin and overall financial performance.
Peer comparison
Dec 31, 2024