Laboratory Corporation of America Holdings (LH)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 746,000 | 418,000 | 1,279,100 | 2,377,300 | 1,556,100 |
| Revenue | US$ in thousands | 13,008,900 | 12,161,600 | 11,863,900 | 16,120,900 | 13,978,500 |
| Net profit margin | 5.73% | 3.44% | 10.78% | 14.75% | 11.13% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $746,000K ÷ $13,008,900K
= 5.73%
Laboratory Corporation of America Holdings' net profit margin has shown fluctuations over the years based on the data provided.
In December 2020, the net profit margin was recorded at 11.13%, indicating that the company generated a profit of 11.13% of its total revenue.
By the end of December 2021, there was an improvement in the net profit margin, reaching 14.75%, showing an increase in profitability compared to the previous year.
However, in December 2022, the net profit margin decreased to 10.78%, signaling a decline in profitability for the company.
The trend continued in December 2023, with the net profit margin dropping significantly to 3.44%, suggesting challenges in maintaining profitability.
In December 2024, there was a slight recovery as the net profit margin increased to 5.73%, but it remained lower than the levels seen in the earlier years.
Overall, the fluctuations in Laboratory Corporation of America Holdings' net profit margin indicate varying levels of profitability over the years, highlighting the importance of monitoring and managing costs and revenue streams to sustain and improve financial performance.
Peer comparison
Dec 31, 2024