LeMaitre Vascular Inc (LMAT)

Net profit margin

		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
Net income (ttm)	US$ in thousands	30,105	27,267	25,221	20,638	20,636	21,184	22,232	27,016	26,907	27,765	28,774	23,975	21,220	18,800	16,471	17,595	17,934	19,346	18,476	22,603
Revenue (ttm)	US$ in thousands	289,940	282,011	312,579	295,977	281,639	280,188	278,441	275,316	267,547	265,592	262,196	231,031	220,642	213,264	198,609	208,001	203,956	202,175	168,273	142,095
Net profit margin		10.38%	9.67%	8.07%	6.97%	7.33%	7.56%	7.98%	9.81%	10.06%	10.45%	10.97%	10.38%	9.62%	8.82%	8.29%	8.46%	8.79%	9.57%	10.98%	15.91%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $30,105K ÷ $289,940K
= 10.38%

The net profit margin of Lemaitre Vascular Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the net profit margin reached 15.56%, representing an increase from the previous quarter. This improvement indicates that the company was able to convert a higher percentage of its revenue into net profit during this period.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight increase in net profit margin from 12.77% to 15.56%. This suggests that Lemaitre Vascular Inc managed its expenses more effectively in Q4 2023, resulting in higher profitability.

Over the eight quarters shown, the net profit margin has ranged from 12.20% to 17.09%, with an overall upward trend in the first half of 2022 followed by a more stable performance in the latter half of 2022 and 2023. It is important for the company to analyze the factors influencing these fluctuations to ensure long-term profitability and sustainability.