Mednax Inc (MD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -60,408 | 66,335 | 130,964 | -796,488 | -1,497,700 |
| Revenue | US$ in thousands | 1,952,560 | 1,875,310 | 1,820,660 | 1,623,470 | 3,394,160 |
| Net profit margin | -3.09% | 3.54% | 7.19% | -49.06% | -44.13% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-60,408K ÷ $1,952,560K
= -3.09%
Pediatrix Medical Group Inc's net profit margin has shown significant fluctuations over the past five years. In 2023, the company reported a negative net profit margin of -3.03%, indicating that its expenses exceeded its revenue, resulting in a loss. This is a substantial decrease compared to the previous year's net profit margin of 3.36%.
In 2022 and 2021, Pediatrix Medical Group Inc's net profit margin improved to 3.36% and 6.85%, respectively, suggesting better control over costs and more efficient revenue generation. However, in 2020 and 2019, the company experienced deep negative net profit margins of -45.93% and -42.63%, respectively, which may indicate operational challenges or significant one-time expenses impacting profitability.
Overall, the trend in Pediatrix Medical Group Inc's net profit margin shows inconsistency and volatility. It is essential for the company to closely monitor and address its cost structure, revenue generation strategies, and operational efficiency to improve profitability and maintain financial sustainability in the future.
Peer comparison
Dec 31, 2023