LeMaitre Vascular Inc (LMAT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	30,105	20,636	26,907	21,220	17,934
Revenue	US$ in thousands	387,188	321,568	306,513	257,563	234,262
Net profit margin		7.78%	6.42%	8.78%	8.24%	7.66%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $30,105K ÷ $387,188K
= 7.78%

The net profit margin of Lemaitre Vascular Inc has shown fluctuations over the past five years.

In 2023, the net profit margin increased to 15.56% from 12.77% in 2022. This indicates that the company was able to generate more profits for every dollar of revenue in 2023 compared to the previous year.

Although the net profit margin was higher in 2021 at 17.42%, the slight decrease in 2023 does not necessarily indicate a negative trend as it remains relatively strong compared to historical performance.

Overall, the company has consistently maintained a healthy net profit margin above 15% in the past five years, reflecting effective cost management and generating a reasonable level of profit relative to its revenue. It is essential for Lemaitre Vascular Inc to continue monitoring and optimizing its profitability to ensure sustainable financial performance in the future.