Merit Medical Systems Inc (MMSI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	123,944	87,563	60,916	-1,562	15,434
Revenue	US$ in thousands	1,236,650	1,143,170	1,068,790	952,099	982,685
Operating profit margin		10.02%	7.66%	5.70%	-0.16%	1.57%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $123,944K ÷ $1,236,650K
= 10.02%

The operating profit margin of Merit Medical Systems, Inc. has shown a positive trend over the past five years, indicating improvements in the company's operational efficiency and profitability.

From 2019 to 2023, the operating profit margin increased from 3.97% to 10.14%, reflecting a consistent growth trajectory. This indicates that the company has been able to generate more profit from its core business operations for every dollar of sales.

The steady improvement in the operating profit margin suggests that Merit Medical has been successful in managing its operating expenses effectively, maximizing revenue generation, and/or enhancing operational processes to boost profitability.

Overall, the increasing trend in the operating profit margin demonstrates Merit Medical Systems' ability to enhance its profitability through better cost control and operational performance over the years. This positive trend is a promising indicator of the company's financial health and operational efficiency.