Integer Holdings Corp (ITGR)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 26.74% | 26.20% | 26.09% | 27.60% | 26.62% |
| Operating profit margin | 12.13% | 10.48% | 8.82% | 11.11% | 11.24% |
| Pretax margin | 8.60% | 6.72% | 5.52% | 8.28% | 8.03% |
| Net profit margin | 6.98% | 5.68% | 4.82% | 7.93% | 7.20% |
Based on the provided data, we can analyze the profitability of Integer Holdings Corp by looking at its key profitability ratios over the past five years.
1. Gross Profit Margin:
- The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold. Integer Holdings Corp's gross profit margin has been relatively stable over the last five years, ranging from 26.09% to 27.60%. This indicates that the company has been able to maintain a consistent level of profitability after accounting for the direct costs associated with production.
2. Operating Profit Margin:
- The operating profit margin reflects the proportion of revenue that remains after deducting operating expenses. Integer Holdings Corp's operating profit margin has fluctuated over the years, with a low of 8.82% in 2022 and a high of 12.13% in 2024. The company experienced some challenges in 2022 but managed to improve its operational efficiency in the following years.
3. Pretax Margin:
- The pretax margin represents the percentage of revenue that remains after deducting all expenses except for taxes. Integer Holdings Corp's pretax margin has also varied, with a notable decrease in 2022 followed by a recovery in the subsequent years. This ratio provides insights into the company's ability to control costs and generate pre-tax profits.
4. Net Profit Margin:
- The net profit margin indicates the portion of revenue that translates into net income after accounting for all expenses, including taxes. Integer Holdings Corp's net profit margin has shown a similar trend to the pretax margin, with a decline in 2022 and a gradual improvement in the following years. This ratio reflects the company's overall profitability and bottom-line performance.
In conclusion, Integer Holdings Corp's profitability ratios demonstrate a mix of stability and variability over the past five years. While the company has faced challenges in maintaining profitability in certain years, it has shown resilience and an ability to enhance profitability in subsequent periods. Further analysis of the underlying factors influencing these ratios would provide a more comprehensive understanding of Integer Holdings Corp's financial performance.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.77% | 5.69% | 4.34% | 5.26% | 5.09% |
| Return on assets (ROA) | 3.90% | 3.08% | 2.38% | 3.75% | 3.26% |
| Return on total capital | 12.59% | 10.38% | 8.01% | 9.28% | 9.47% |
| Return on equity (ROE) | 7.40% | 5.97% | 4.68% | 7.15% | 6.08% |
Integer Holdings Corp's profitability ratios show a mixed performance over the five-year period from 2020 to 2024.
1. Operating return on assets (Operating ROA) improved from 5.09% in 2020 to 6.77% in 2024, indicating that the company generated more operating income relative to its assets over time. This suggests effective asset utilization and operational efficiency.
2. Return on assets (ROA) also exhibited improvement, rising from 3.26% in 2020 to 3.90% in 2024. This ratio signifies the overall profitability of the company's assets and the ability to generate profits from its total assets.
3. Return on total capital saw a general upward trend from 9.47% in 2020 to 12.59% in 2024, indicating that Integer Holdings Corp was able to generate increasing returns from its total invested capital.
4. Return on equity (ROE) fluctuated over the period, with a slight increase from 6.08% in 2020 to 7.40% in 2024. ROE reflects how efficiently the company is utilizing shareholder equity to generate profits.
Overall, Integer Holdings Corp demonstrated improvements in its profitability ratios over the five-year period, with increasing returns on assets, capital, and equity. This indicates a positive trend in the company's ability to generate profits and create value for its shareholders.