Proto Labs Inc (PRLB)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 19,911 | 28,167 | 151,877 | 40,342 | 59,836 |
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Operating profit margin | 3.98% | 5.59% | 31.10% | 8.27% | 13.77% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $19,911K ÷ $500,890K
= 3.98%
Proto Labs Inc's operating profit margin has shown fluctuating performance over the past five years. In 2020, the operating profit margin stood at 13.77%, indicating that the company was able to retain about 13.77% of its revenue as profit after covering its operating expenses. However, the margin decreased significantly in 2021 to 8.27%, suggesting potential challenges in managing operating costs relative to revenue generation.
The performance rebounded in 2022, with the operating profit margin reaching 31.10%, signaling a substantial improvement in profitability and cost management strategies. However, the margin experienced a sharp decline in 2023 to 5.59%, showing a potential struggle in maintaining profitability levels amidst operational challenges or increased costs.
By the end of 2024, Proto Labs Inc's operating profit margin further dropped to 3.98%, indicating a continued downward trend in profitability and potential concerns regarding cost efficiency and revenue generation. Overall, the fluctuating nature of the operating profit margins over the years suggests the need for the company to closely monitor and address factors impacting its operational efficiency and profitability.
It is advisable for Proto Labs Inc to assess and potentially reevaluate its cost structures, revenue streams, and operational strategies to enhance its operating profit margins and drive sustainable profitability in the future.
Peer comparison
Dec 31, 2024