Proto Labs Inc (PRLB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 28,167 | -97,983 | 40,342 | 59,836 | 79,856 |
| Revenue | US$ in thousands | 499,414 | 489,514 | 487,522 | 434,393 | 458,728 |
| Operating profit margin | 5.64% | -20.02% | 8.27% | 13.77% | 17.41% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $28,167K ÷ $499,414K
= 5.64%
Proto Labs Inc's operating profit margin has shown a declining trend over the past five years. In 2019, the company achieved the highest operating profit margin of 17.41%, which has gradually decreased to 13.77% in 2020, further dropping to 8.27% in 2021, and 5.52% in 2022. As of December 31, 2023, the operating profit margin stands at 5.63%, indicating a continuous decrease in profitability over the years. This declining trend suggests that Proto Labs Inc may be facing challenges in managing its operating expenses relative to its revenue generation, resulting in lower profitability levels in recent years. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors driving this downward trend in operating profit margin.
Peer comparison
Dec 31, 2023