Perrigo Company PLC (PRGO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -12,700 | -130,900 | -130,900 | -162,600 | 146,100 |
| Revenue | US$ in thousands | 4,655,600 | 4,451,600 | 4,138,700 | 5,063,300 | 4,837,400 |
| Net profit margin | -0.27% | -2.94% | -3.16% | -3.21% | 3.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-12,700K ÷ $4,655,600K
= -0.27%
The net profit margin of Perrigo Company plc has experienced fluctuations over the past five years. The net profit margin was negative in 2020, 2022, and 2023, indicating that the company's expenses exceeded its revenues during those years. The lowest net profit margin was recorded in 2022 at -3.16%, reflecting a significant loss relative to revenue.
In contrast, the net profit margin was positive in 2019 at 3.02%, suggesting that the company was able to generate profits relative to its revenue in that year. However, the positive trend did not continue, as the net profit margin turned negative in the subsequent years.
Overall, the inconsistency in Perrigo's net profit margin performance indicates a need for the company to address cost management and revenue generation strategies to enhance profitability and financial stability.
Peer comparison
Dec 31, 2023