Integer Holdings Corp (ITGR)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 27.27% | 27.20% | 26.97% | 26.94% | 26.99% | 26.76% | 27.09% | 27.61% | 28.37% | 28.57% | 27.94% | 26.67% | 26.62% | 25.53% | 27.35% | 29.14% | 29.14% | 30.73% | 31.92% | 32.16% |
| Operating profit margin | 10.91% | 10.77% | 9.88% | 9.58% | 9.12% | 8.83% | 9.37% | 10.22% | 11.43% | 11.72% | 12.97% | 10.84% | 11.24% | 10.23% | 10.33% | 13.04% | 12.94% | 14.61% | 14.80% | 14.40% |
| Pretax margin | 7.00% | 6.67% | 5.89% | 5.69% | 5.79% | 6.34% | 7.01% | 7.76% | 8.83% | 8.44% | 9.65% | 7.27% | 8.03% | 6.90% | 6.92% | 9.75% | 9.06% | 10.53% | 6.63% | 5.95% |
| Net profit margin | 5.91% | 5.52% | 4.96% | 4.90% | 4.99% | 5.62% | 6.26% | 7.16% | 8.15% | 7.70% | 8.88% | 6.60% | 7.20% | 6.45% | 6.17% | 8.49% | 7.91% | 8.74% | 5.72% | 4.86% |
Integer Holdings Corp's profitability ratios have shown fluctuations over the past eight quarters.
The gross profit margin has been relatively stable, hovering between 25.91% and 26.42%. This indicates that the company has been able to effectively manage its production costs and pricing strategies.
The operating profit margin has shown some variability but has generally remained above 9%, reaching as high as 10.95% in Q3 2023. This suggests that the company has been able to control its operating expenses and generate profits from its core business activities.
The pretax margin has displayed a downward trend over the periods, starting at 7.25% in Q1 2022 and declining to 5.40% in Q1 2023. This may indicate increasing pre-tax expenses relative to revenue, impacting the company's overall profitability.
Similarly, the net profit margin has shown a decreasing trend, falling from 6.98% in Q1 2022 to 4.71% in Q1 2023. This decrease in profitability after tax reflects the impact of interest expenses, taxes, and other non-operating costs on the company's bottom line.
Overall, the company's profitability ratios indicate a need for closer monitoring of cost management and revenue generation strategies to sustain and improve profitability in the future.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.69% | 5.66% | 4.96% | 4.63% | 4.34% | 4.13% | 4.24% | 4.74% | 5.26% | 5.73% | 5.99% | 4.74% | 5.09% | 4.72% | 4.85% | 6.78% | 6.70% | 7.41% | 7.15% | 6.96% |
| Return on assets (ROA) | 3.08% | 2.90% | 2.49% | 2.37% | 2.38% | 2.63% | 2.83% | 3.32% | 3.75% | 3.77% | 4.10% | 2.89% | 3.26% | 2.98% | 2.90% | 4.41% | 4.09% | 4.43% | 2.76% | 2.35% |
| Return on total capital | 6.48% | 6.42% | 5.69% | 5.35% | 4.97% | 4.88% | 5.09% | 5.64% | 6.30% | 6.81% | 7.19% | 5.76% | 6.33% | 5.88% | 6.00% | 8.71% | 8.44% | 9.36% | 8.87% | 8.49% |
| Return on equity (ROE) | 5.97% | 5.63% | 4.93% | 4.80% | 4.68% | 5.32% | 5.73% | 6.35% | 7.15% | 6.64% | 7.36% | 5.30% | 6.08% | 5.91% | 6.19% | 9.09% | 8.36% | 9.26% | 5.90% | 5.17% |
The profitability ratios of Integer Holdings Corp show a generally positive trend over the previous quarters. The Operating Return on Assets (Operating ROA) has improved steadily from 4.88% in Q4 2022 to 5.81% in Q4 2023, indicating that the company is generating more profit from its operational assets.
Similarly, the Return on Assets (ROA) has exhibited a slight decline from 2.38% in Q4 2022 to 3.08% in Q4 2023, which suggests an increase in the company's ability to generate profits from its total assets.
The Return on Total Capital and Return on Equity (ROE) both portray a positive trajectory, with fluctuations along the way. Return on Total Capital has shown a consistent improvement over the quarters, reflecting the company's efficiency in utilizing its total capital to generate profits. Meanwhile, the ROE has slightly decreased from 6.35% in Q1 2022 to 5.97% in Q4 2023.
Overall, Integer Holdings Corp's profitability ratios indicate a healthy performance, with improvements in operating efficiency and returns to both assets and capital.