Owens & Minor Inc (OMI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -41,301 | 22,389 | 221,589 | 29,871 | -62,371 |
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Net profit margin | -0.40% | 0.22% | 2.26% | 0.35% | -0.68% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-41,301K ÷ $10,334,000K
= -0.40%
The net profit margin of Owens & Minor, Inc. has fluctuated over the last five years, displaying volatility in its profitability. In 2023, the company reported a negative net profit margin of -0.40%, indicating that its expenses outweighed its revenue, resulting in a loss. This represents a significant decline compared to the previous year when the net profit margin was 0.22%.
In 2021, Owens & Minor, Inc. achieved a relatively healthy net profit margin of 2.26%, reflecting strong profitability and efficient cost management. However, this was followed by a decrease in 2022 to 0.35%, signaling a decline in profitability compared to the previous year.
Looking back to 2019, the company reported a negative net profit margin of -0.68%, indicating operational inefficiencies or financial challenges during that period.
Overall, Owens & Minor, Inc.'s net profit margin has been inconsistent in recent years, with fluctuations suggesting varying levels of profitability and financial performance. The company may need to focus on optimizing its cost structure and operational efficiency to improve its profitability in the future.
Peer comparison
Dec 31, 2023