Myriad Genetics Inc (MYGN)
Net profit margin
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -155,200 | -234,600 | -263,300 | -274,400 | -248,200 | -146,200 | -112,000 | -77,300 | -17,600 | -8,200 | -27,200 | -34,800 | -114,800 | -225,300 | -194,100 | -199,500 | -148,300 | -26,200 | -15,300 | 4,600 |
| Revenue (ttm) | US$ in thousands | 794,900 | 766,400 | 745,400 | 731,500 | 696,200 | 691,900 | 675,200 | 820,600 | 831,200 | 839,900 | 846,300 | 666,200 | 590,100 | 564,400 | 586,600 | 627,900 | 750,000 | 801,700 | 822,500 | 840,100 |
| Net profit margin | -19.52% | -30.61% | -35.32% | -37.51% | -35.65% | -21.13% | -16.59% | -9.42% | -2.12% | -0.98% | -3.21% | -5.22% | -19.45% | -39.92% | -33.09% | -31.77% | -19.77% | -3.27% | -1.86% | 0.55% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-155,200K ÷ $794,900K
= -19.52%
The net profit margin of Myriad Genetics Inc has shown fluctuations over the past several quarters. The company's net profit margin was negative in most of the periods, indicating that the company's expenses exceeded its revenue during those times.
The net profit margin improved in the most recent quarter, with a -19.52% margin in June 2024 compared to a -30.61% margin in March 2024. However, the company still needs to enhance its profitability as the margins remain negative.
Historically, the company has struggled to maintain positive net profit margins, with several quarters showing significant losses. This trend suggests that Myriad Genetics Inc may face challenges in controlling costs, generating sufficient revenue, or both.
It is crucial for the company to focus on improving operational efficiencies, reducing costs, and increasing revenue to achieve a sustainable and positive net profit margin in the future. Further analysis of the company's financial performance and strategic decisions may help in understanding the factors impacting its profitability.
Peer comparison
Jun 30, 2024