Integer Holdings Corp (ITGR)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 119,896 | 90,650 | 66,377 | 96,808 | 77,258 |
| Revenue | US$ in thousands | 1,716,600 | 1,596,670 | 1,376,100 | 1,221,080 | 1,073,440 |
| Net profit margin | 6.98% | 5.68% | 4.82% | 7.93% | 7.20% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $119,896K ÷ $1,716,600K
= 6.98%
Integer Holdings Corp's net profit margin has experienced fluctuations over the past five years.
As of December 31, 2020, the net profit margin was 7.20%, indicating that the company was able to generate a net profit of $0.072 for every $1 of revenue. This suggests efficient cost management and healthy profitability.
By the end of December 31, 2021, the net profit margin increased to 7.93%, reflecting further improvement in cost control and operational efficiency, leading to a higher net profit relative to revenue.
However, in December 31, 2022, the net profit margin decreased to 4.82%, signaling a decline in profitability compared to the previous year. This may indicate challenges in controlling costs or a decrease in revenue relative to expenses.
The net profit margin then slightly improved to 5.68% as of December 31, 2023, but remained below the levels seen in 2020 and 2021. This improvement suggests some progress in profitability management but may still indicate room for enhancement.
As of December 31, 2024, the net profit margin increased to 6.98%, showing a recovery in profitability compared to the previous year. This improvement suggests that Integer Holdings Corp may have implemented strategies to enhance profitability, although it is still lower than the peak seen in 2021.
In conclusion, while Integer Holdings Corp's net profit margin has demonstrated fluctuations over the past five years, the company has shown resilience in maintaining profitability levels despite challenges. Continued monitoring and strategic adjustments may be warranted to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024