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

Company name
Symbol
Net profit margin
Mednax Inc
MD
-3.09%
Encompass Health Corp
EHC
7.55%
Select Medical Holdings
SEM
3.77%