LeMaitre Vascular Inc (LMAT)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	44,038	30,105	20,636	26,907	21,220
Revenue	US$ in thousands	219,863	193,484	161,651	154,424	129,366
Net profit margin		20.03%	15.56%	12.77%	17.42%	16.40%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $44,038K ÷ $219,863K
= 20.03%

Based on the provided data, the net profit margin for LeMaitre Vascular Inc has shown fluctuations over the years. In 2020, the net profit margin was 16.40%, which increased to 17.42% in 2021. However, there was a decrease in 2022 to 12.77%. The trend reversed in 2023 with the net profit margin rising to 15.56%, and it further improved to 20.03% in 2024.

These variations in the net profit margin indicate changes in the company's profitability relative to its revenue over the years. It is essential for investors and stakeholders to monitor these fluctuations as they can reflect the company's efficiency in managing costs, pricing strategies, and overall performance. Overall, the increasing trend in the net profit margin from 2022 to 2024 indicates an improvement in the company's profitability during these years.