Proto Labs Inc (PRLB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 17,220 | -103,462 | 33,372 | 50,867 | 63,655 |
| Revenue | US$ in thousands | 499,414 | 489,514 | 487,522 | 434,393 | 458,728 |
| Net profit margin | 3.45% | -21.14% | 6.85% | 11.71% | 13.88% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $17,220K ÷ $499,414K
= 3.45%
Proto Labs Inc's net profit margin has shown fluctuations over the past five years. In 2019 and 2020, the company achieved relatively high net profit margins of 13.88% and 11.71%, respectively. However, there was a significant decline in 2021, with the net profit margin dropping to 6.84%. This was followed by a negative net profit margin in 2022, indicating a loss during that year. The net profit margin recovered in 2023, reaching 3.42%, but still significantly lower than the levels seen in 2019 and 2020. Overall, Proto Labs Inc's net profit margin has been volatile, reflecting fluctuations in profitability over the five-year period. Further analysis may be needed to understand the factors driving these fluctuations and assess the company's financial performance.
Peer comparison
Dec 31, 2023