Inspire Medical Systems Inc (INSP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 53,509 | -21,153 | -44,881 | -42,042 | -57,203 |
| Revenue | US$ in thousands | 802,804 | 624,799 | 406,179 | 231,266 | 113,364 |
| Net profit margin | 6.67% | -3.39% | -11.05% | -18.18% | -50.46% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $53,509K ÷ $802,804K
= 6.67%
The net profit margin of Inspire Medical Systems Inc has shown a significant improvement over the five-year period from 2020 to 2024. The company experienced a substantial decrease in its net profit margin from -50.46% in 2020 to -18.18% in 2021, indicating a reduction in losses. This trend continued with further improvements in the subsequent years, reaching -11.05% in 2022, -3.39% in 2023, and finally turning positive at 6.67% in 2024.
The positive net profit margin in 2024 suggests that Inspire Medical Systems Inc was able to generate profit relative to its total revenue for that year. This improvement may indicate enhanced operational efficiency, cost management, and potentially increased revenue generation. Overall, the company's ability to turn around its net profit margin from significant losses to profitability within the five-year period reflects a positive trajectory in its financial performance.
Peer comparison
Dec 31, 2024