Insulet Corporation (PODD)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	206,300	4,600	16,800	6,800	11,600
Revenue	US$ in thousands	1,697,100	1,305,300	1,098,800	904,400	695,500
Net profit margin		12.16%	0.35%	1.53%	0.75%	1.67%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $206,300K ÷ $1,697,100K
= 12.16%

The net profit margin of Insulet Corporation has exhibited variability over the past five years. In particular, the company's net profit margin saw a significant improvement in 2023, reaching 12.16%, a substantial increase from the previous year's 0.35%. This surge in net profit margin indicates a notable enhancement in the company's profitability during the most recent fiscal year. Comparing this performance to the previous two years, where the net profit margin ranged between 0.75% and 1.57%, the 2023 figure stands out as a remarkable improvement. This upward trend in the net profit margin suggests that Insulet Corporation has managed to enhance its operational efficiency and effectiveness in generating profits relative to its revenues in 2023.