Penumbra Inc (PEN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	90,954	-2,002	5,284	-15,702	48,458
Revenue	US$ in thousands	1,058,520	847,133	747,590	560,412	547,405
Net profit margin		8.59%	-0.24%	0.71%	-2.80%	8.85%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $90,954K ÷ $1,058,520K
= 8.59%

Penumbra Inc's net profit margin has experienced fluctuations over the past five years. In 2023, the company's net profit margin improved significantly to 8.59%, indicating that the company was able to convert a higher percentage of its revenue into profit compared to the previous years. The negative net profit margin in 2022 suggests that the company incurred more expenses than it generated in revenue during that period. However, there was a recovery in 2021 with a net profit margin of 0.71%, showing a slight improvement in profitability compared to 2020 when the margin was -2.80%. The highest net profit margin was recorded in 2019 at 8.85%, showcasing a strong performance in that year. Overall, the varying trends in net profit margin indicate fluctuations in Penumbra Inc's profitability over the analyzed period.