Inari Medical Inc (NARI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,636 | -29,267 | 9,840 | 13,789 |
| Revenue | US$ in thousands | 493,364 | 383,471 | 276,984 | 139,670 |
| Net profit margin | -0.33% | -7.63% | 3.55% | 9.87% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-1,636K ÷ $493,364K
= -0.33%
The net profit margin of Inari Medical Inc has exhibited variability over the past four years. In 2020, the company recorded a robust net profit margin of 9.87%, indicating that for every dollar of revenue generated, the company retained approximately 9.87 cents as profit. However, in 2021, there was a decrease in the net profit margin to 3.55%, suggesting a lower level of profitability compared to the previous year. The trend continued in 2022 with a further decline to -7.63%, indicating that the company experienced a loss in that year.
The latest data for 2023 shows a slight improvement with a negative net profit margin of -0.33%, though the company is still grappling with profitability challenges. Overall, the trend in the net profit margin of Inari Medical Inc highlights the fluctuating financial performance of the company over the analyzed period.
Peer comparison
Dec 31, 2023