Iridium Communications Inc (IRDM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,415 | 8,722 | -9,319 | -56,054 | -161,999 |
| Revenue | US$ in thousands | 790,723 | 721,034 | 614,500 | 583,439 | 560,444 |
| Net profit margin | 1.95% | 1.21% | -1.52% | -9.61% | -28.91% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $15,415K ÷ $790,723K
= 1.95%
The net profit margin of Iridium Communications Inc has shown a positive trend over the past five years. The company has steadily improved its profitability from a negative net profit margin of -29.65% in 2019 to a positive net profit margin of 1.95% in 2023. This indicates that the company has been able to effectively manage its costs and generate more profit relative to its revenue in recent years. It is noteworthy that the company was able to overcome negative net profit margins in 2020 and 2021, transitioning to positive margins in 2022 and continuing to improve in 2023. This positive trend suggests that Iridium Communications Inc has made significant strides in enhancing its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023