Penumbra Inc (PEN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 73,551 | 6,082 | -7,501 | -38,942 | 47,508 |
| Revenue | US$ in thousands | 1,058,520 | 847,133 | 747,590 | 560,412 | 547,405 |
| Operating profit margin | 6.95% | 0.72% | -1.00% | -6.95% | 8.68% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $73,551K ÷ $1,058,520K
= 6.95%
Penumbra Inc's operating profit margin has shown fluctuations over the past five years. The company experienced a significant improvement in 2023 with an operating profit margin of 8.67%, marking a substantial increase from the previous two years where the margins were close to breakeven and even negative. The negative operating profit margins in 2021 and 2020 may indicate challenges in managing operational expenses relative to revenue during those periods. The return to a positive margin in 2019 at 8.68% highlights the company's ability to generate profits from its core operations. Overall, Penumbra Inc's operating profit margin appears to have recovered and strengthened in 2023, which could be a positive sign for the company's financial performance. Further assessment of the company's cost control measures and revenue generation strategies may provide insights into the factors behind these fluctuations.
Peer comparison
Dec 31, 2023