Merck & Company Inc (MRK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -13,834,000 | 147,000 | -1,349,000 | -10,038,000 | -5,185,000 |
| Revenue | US$ in thousands | 60,115,000 | 59,283,000 | 48,704,000 | 41,518,000 | 39,121,000 |
| Operating profit margin | -23.01% | 0.25% | -2.77% | -24.18% | -13.25% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-13,834,000K ÷ $60,115,000K
= -23.01%
Merck & Co Inc's operating profit margin has shown fluctuations over the past five years. The operating profit margin declined to 4.91% as of December 31, 2023, from a high of 30.84% as of December 31, 2022. This decrease marks a significant drop from the previous year. In comparison to the years before 2022, the operating profit margin has been more volatile, with fluctuations between 17.68% and 27.10%. The latest operating profit margin figure of 4.91% may indicate a recent decline in the company's profitability or efficiency in generating profits from its operations. Further analysis would be needed to understand the reasons behind this notable decrease.
Peer comparison
Dec 31, 2023