Merit Medical Systems Inc (MMSI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 120,357 | 94,411 | 74,516 | 48,454 | -9,843 |
| Revenue | US$ in thousands | 1,354,690 | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 |
| Net profit margin | 8.88% | 7.63% | 6.52% | 4.53% | -1.03% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $120,357K ÷ $1,354,690K
= 8.88%
Net profit margin is a key financial ratio that reflects a company's profitability by measuring the proportion of each dollar of revenue that translates into net income. For Merit Medical Systems Inc, the net profit margin has shown an improving trend over the years.
In December 31, 2020, the net profit margin was at a negative 1.03%, indicating that the company was not efficiently converting revenue into profits. However, the company's performance improved significantly, reaching 4.53% by December 31, 2021, showing a positive turn in profitability.
The positive momentum continued into the following years, with the net profit margin reaching 6.52% in December 31, 2022, 7.63% in December 31, 2023, and 8.88% in December 31, 2024. These increasing percentages demonstrate that Merit Medical Systems Inc has been able to effectively manage its costs and enhance its operational efficiency, ultimately leading to higher profitability.
Overall, the upward trajectory of the net profit margin reflects positively on the company's financial performance and indicates that it has been successful in generating stronger profits relative to its revenue over the years. This trend suggests that Merit Medical Systems Inc is moving towards greater financial health and stability.
Peer comparison
Dec 31, 2024