Lantheus Holdings Inc (LNTH)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	709,543	581,703	187,695	138,761	174,811
Revenue	US$ in thousands	1,276,390	927,032	418,071	329,671	330,557
Gross profit margin		55.59%	62.75%	44.90%	42.09%	52.88%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $709,543K ÷ $1,276,390K
= 55.59%

The gross profit margin of Lantheus Holdings Inc has exhibited fluctuations over the past five years. In 2023, the gross profit margin decreased to 54.73% from 62.21% in 2022, which indicates a decline in the company's ability to generate profit from its core operations. However, the margin in 2023 is still higher compared to 2021 and 2020, suggesting an improvement in profitability from those periods.

The highest gross profit margin during the period was recorded in 2022 at 62.21%, reflecting strong operational efficiency and effective cost management. On the contrary, the lowest gross profit margin was observed in 2021 at 44.14%, signaling potential challenges in controlling production costs or pricing strategies.

A consistent analysis of the gross profit margin trend is crucial to assess the company's ability to generate revenue after accounting for direct production costs. Further investigation into the factors influencing these fluctuations, such as changes in revenue, cost of goods sold, or pricing strategies, could provide valuable insights into Lantheus Holdings Inc's overall financial performance and operational efficiency.