Omnicell Inc (OMCL)
Net profit margin
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -20,371 | -34,404 | -23,183 | -17,565 | 5,648 | 48,037 | 60,580 | 71,935 | 77,849 | 80,245 | 59,733 | 35,010 | 32,194 | 37,912 | 49,090 | 69,365 | 61,338 | 54,036 | 47,681 | 38,293 |
| Revenue (ttm) | US$ in thousands | 1,190,083 | 1,226,542 | 1,272,662 | 1,315,183 | 1,344,391 | 1,353,971 | 1,296,691 | 1,226,490 | 1,155,217 | 1,093,879 | 1,013,703 | 942,467 | 926,289 | 968,427 | 974,187 | 981,817 | 945,018 | 860,485 | 835,947 | 807,207 |
| Net profit margin | -1.71% | -2.80% | -1.82% | -1.34% | 0.42% | 3.55% | 4.67% | 5.87% | 6.74% | 7.34% | 5.89% | 3.71% | 3.48% | 3.91% | 5.04% | 7.06% | 6.49% | 6.28% | 5.70% | 4.74% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-20,371K ÷ $1,190,083K
= -1.71%
Omnicell, Inc.'s net profit margin has exhibited a downward trend in recent quarters. In Q4 2023, the net profit margin was negative at -1.78%, following the negative trend seen in the previous quarters of Q3 and Q2 2023 at -2.90% and -1.88%, respectively. The company's net profit margin in Q1 2023 improved slightly but remained negative at -1.39%.
Comparing these figures to the same periods in the previous year, the net profit margin has drastically decreased. In Q4 2022, Omnicell, Inc. had a net profit margin of 0.44%, showing a significant decline from the positive margins reported in Q3 and Q2 2022 at 3.67% and 4.82%, respectively, and even more so from the net profit margin of 6.00% in Q1 2022.
The consistent negative net profit margins in the most recent quarters indicate that Omnicell, Inc. is facing challenges in generating profits relative to its revenue. It is essential for the company to closely monitor and manage its expenses and operational efficiency to improve its profitability and financial performance in the future.
Peer comparison
Dec 31, 2023