Omnicell Inc (OMCL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 471,003 | 496,840 | 588,987 | 554,653 | 413,292 |
| Revenue | US$ in thousands | 1,112,240 | 1,147,110 | 1,295,950 | 1,132,020 | 892,208 |
| Gross profit margin | 42.35% | 43.31% | 45.45% | 49.00% | 46.32% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $471,003K ÷ $1,112,240K
= 42.35%
Omnicell Inc's gross profit margin has shown some fluctuations over the last five years. The margin increased from 46.32% as of December 31, 2020, to 49.00% as of December 31, 2021, indicating an improvement in the company's ability to generate profit from its revenue after accounting for the cost of goods sold. However, in the following years, the gross profit margin decreased to 45.45% as of December 31, 2022, 43.31% as of December 31, 2023, and 42.35% as of December 31, 2024.
The declining trend in the gross profit margin suggests that Omnicell Inc may be experiencing challenges in managing its production costs or pricing strategies, which could impact its overall profitability. It is important for the company to closely monitor and analyze the factors influencing its gross profit margin to identify potential areas of improvement and take appropriate corrective actions to enhance profitability in the future.
Peer comparison
Dec 31, 2024