Integer Holdings Corp (ITGR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 90,650 | 66,377 | 96,808 | 77,258 | 96,336 |
| Revenue | US$ in thousands | 1,533,820 | 1,330,020 | 1,187,800 | 1,040,450 | 1,207,820 |
| Net profit margin | 5.91% | 4.99% | 8.15% | 7.43% | 7.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $90,650K ÷ $1,533,820K
= 5.91%
The net profit margin of Integer Holdings Corp has shown some fluctuations over the past five years. In 2023, the net profit margin was 5.68%, which was an increase from the previous year's margin of 4.82%. However, it was lower than the margins reported in 2021 (7.93%), 2020 (7.20%), and 2019 (7.66%).
The variation in the net profit margin could be attributed to changes in expenses, revenues, or a combination of both factors. It is essential for Integer Holdings Corp to closely monitor and manage its expenses, including cost of goods sold, operating expenses, and taxes, to ensure sustainable profitability.
Analyzing the factors influencing the net profit margin can provide insights into the company's operational efficiency and financial health. This information can be valuable for investors, creditors, and stakeholders in assessing the company's profitability and performance over time.
Peer comparison
Dec 31, 2023