Penumbra Inc (PEN)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	9,279	73,551	-18,239	-7,501	-38,942
Revenue	US$ in thousands	1,194,620	1,058,520	847,133	747,590	560,412
Operating profit margin		0.78%	6.95%	-2.15%	-1.00%	-6.95%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $9,279K ÷ $1,194,620K
= 0.78%

Penumbra Inc's operating profit margin has shown variability over the years as per the provided data. In December 31, 2020, the operating profit margin was negative at -6.95%, indicating that the company's operating expenses exceeded its operating income during that period. However, by December 31, 2023, the operating profit margin had improved significantly to 6.95%, indicating that the company was able to generate a profit from its core operations.

It is worth noting that in December 31, 2021 and 2022, the operating profit margin remained negative at -1.00% and -2.15% respectively, although the margins were better than in 2020. This suggests that Penumbra Inc was making progress in improving its operational efficiency during those years.

By December 31, 2024, the operating profit margin decreased to 0.78%, showing a slight decline compared to the previous year. This could be an indication of potential challenges faced by the company in maintaining profitability in its operations.

Overall, the trend in Penumbra Inc's operating profit margin indicates fluctuations in the company's ability to generate profits from its core business activities over the years, with efforts to improve operational efficiency evident in some periods.