Innoviva Inc (INVA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 23,392 | 179,722 | 213,921 | 265,854 | 224,402 |
| Revenue | US$ in thousands | 358,711 | 310,463 | 331,339 | 391,866 | 336,794 |
| Net profit margin | 6.52% | 57.89% | 64.56% | 67.84% | 66.63% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $23,392K ÷ $358,711K
= 6.52%
The net profit margin of Innoviva Inc has shown a consistently strong performance in recent years, with a gradual decline in profitability observed from 2022 onwards. Starting at an impressive 66.63% as of December 31, 2020, the net profit margin increased further to 67.84% by December 31, 2021. However, there was a notable decrease in profitability in the following years, with the margin dropping to 64.56% by December 31, 2022, and further declining to 57.89% by December 31, 2023. The most significant decline occurred in 2024, where the net profit margin plummeted to 6.52%, signaling a substantial decrease in profitability for the company. This trend indicates a potential challenge in maintaining historical levels of profitability and may warrant further investigation into the company's financial performance and strategies moving forward.
Peer comparison
Dec 31, 2024