Penumbra Inc (PEN)

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	90,954	40,613	29,128	6,481	-2,002	-30,512	-19,391	-6,473	5,284	33,565	15,900	-5,291	-15,702	-9,661	10,637	39,185	48,458	45,428	15,015	11,808
Revenue (ttm)	US$ in thousands	1,058,522	995,059	937,791	884,636	847,133	829,928	806,367	782,281	747,590	710,477	671,436	592,287	560,412	538,777	527,203	556,295	547,405	522,935	495,239	470,676
Net profit margin		8.59%	4.08%	3.11%	0.73%	-0.24%	-3.68%	-2.40%	-0.83%	0.71%	4.72%	2.37%	-0.89%	-2.80%	-1.79%	2.02%	7.04%	8.85%	8.69%	3.03%	2.51%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $90,954K ÷ $1,058,522K
= 8.59%

The net profit margin for Penumbra Inc has shown a positive trend over the past year, indicating an improvement in the company's profitability. In Q4 2023, the net profit margin reached 8.59%, which is a significant increase compared to the negative margins reported in the same quarter of the previous year. This improvement suggests that the company has effectively managed its costs and operational expenses to generate a higher proportion of net income relative to its total revenue. The steady increase in net profit margin from Q1 2023 to Q4 2023 reflects a positive trajectory for Penumbra Inc in terms of its profitability and financial health.