Merit Medical Systems Inc (MMSI)

Operating profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Operating income (ttm) US$ in thousands 155,693 152,741 150,617 133,483 123,944 120,749 104,269 98,713 87,563 79,042 76,316 61,955 60,916 55,027 39,160 11,270 -1,562 -20,978 -23,923 7,273
Revenue (ttm) US$ in thousands 1,346,822 1,311,388 1,282,089 1,260,472 1,241,203 1,213,421 1,188,414 1,165,681 1,144,662 1,131,114 1,111,439 1,096,568 1,069,451 1,049,645 1,025,702 962,507 955,554 955,472 953,411 990,405
Operating profit margin 11.56% 11.65% 11.75% 10.59% 9.99% 9.95% 8.77% 8.47% 7.65% 6.99% 6.87% 5.65% 5.70% 5.24% 3.82% 1.17% -0.16% -2.20% -2.51% 0.73%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $155,693K ÷ $1,346,822K
= 11.56%

Operating profit margin is a key financial metric that indicates how well a company is generating profit from its core operations. For Merit Medical Systems Inc, the operating profit margin has shown a fluctuating trend over the quarters, starting at a low of -2.51% in June 2020, possibly indicating challenges in controlling operating expenses relative to revenue during that period.

However, the company has since improved its operational efficiency, with the operating profit margin steadily increasing from 1.17% in March 2021 to a peak of 11.75% in June 2024. This upward trend suggests that Merit Medical Systems Inc has been successful in managing costs effectively and improving profitability from its primary business activities.

With the operating profit margin reaching double-digit percentages in recent quarters, it indicates that the company is becoming more efficient in generating profits from its operations. This trend is generally positive and reflects well on the company's ability to optimize its resources and enhance overall profitability. Further monitoring of Merit Medical Systems Inc's operating profit margin will be essential to assess its ongoing operational performance and profitability.