Organon & Co (OGN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 1,023,000 | 917,000 | 1,351,000 |
| Revenue | US$ in thousands | 6,263,000 | 6,174,000 | 6,304,000 |
| Net profit margin | 16.33% | 14.85% | 21.43% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,023,000K ÷ $6,263,000K
= 16.33%
Organon & Co.'s net profit margin has displayed some fluctuation over the past five years. The company's net profit margin decreased slightly from 2019 to 2020, reflecting a decline from 42.51% to 22.70%. This decrease may indicate a reduction in profitability relative to revenue during that period. However, the net profit margin further decreased in 2021 to 21.43%, suggesting a continued trend of declining profitability.
In 2022, there was a slight improvement in the net profit margin to 14.85%, although it remained below the levels observed in 2019 and 2020. Finally, in 2023, there was a notable increase in the net profit margin to 16.33%, showing a slight recovery compared to the previous year.
Overall, Organon & Co.'s net profit margin has experienced fluctuations over the analyzed period, with a significant drop in 2020, followed by a gradual recovery in subsequent years. The company's management may need to monitor and assess the factors influencing these fluctuations in profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023