Inspire Medical Systems Inc (INSP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -21,153 | -44,881 | -42,042 | -57,203 | -33,243 |
| Revenue | US$ in thousands | 624,799 | 406,179 | 231,266 | 113,364 | 82,050 |
| Net profit margin | -3.39% | -11.05% | -18.18% | -50.46% | -40.52% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-21,153K ÷ $624,799K
= -3.39%
Inspire Medical Systems Inc's net profit margin has shown a trend of improvement over the past five years, moving from a significant negative figure of -40.52% in 2019 to -3.39% in 2023. This suggests that the company has been gradually increasing its profitability relative to its revenue during this period. However, it is important to note that even though the net profit margin has improved, it still remains negative, indicating that the company is not yet consistently generating profits after accounting for all expenses and taxes. Inspire Medical Systems Inc should continue to focus on enhancing its operational efficiency and managing costs effectively to further improve its net profit margin in the future.
Peer comparison
Dec 31, 2023