Proto Labs Inc (PRLB)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 19,911 | 29,801 | 31,636 | 31,245 | 28,167 | 130,280 | 128,311 | 138,292 | 142,433 | 44,975 | 43,456 | 43,971 | 40,342 | 38,283 | 49,025 | 47,272 | 59,836 | 68,407 | 72,011 | 77,233 |
| Revenue (ttm) | US$ in thousands | 500,890 | 504,188 | 509,274 | 505,908 | 503,877 | 494,436 | 485,452 | 490,089 | 488,398 | 496,373 | 499,994 | 496,140 | 488,098 | 469,724 | 451,886 | 435,413 | 434,395 | 441,076 | 451,027 | 460,384 |
| Operating profit margin | 3.98% | 5.91% | 6.21% | 6.18% | 5.59% | 26.35% | 26.43% | 28.22% | 29.16% | 9.06% | 8.69% | 8.86% | 8.27% | 8.15% | 10.85% | 10.86% | 13.77% | 15.51% | 15.97% | 16.78% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $19,911K ÷ $500,890K
= 3.98%
Proto Labs Inc's operating profit margin has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the operating profit margin was relatively stable, ranging from around 15% to 17% from March 2020 to March 2021. However, from March 2021 to December 2024, the operating profit margin experienced significant volatility.
The operating profit margin decreased to around 8% by September 2021 and then partially recovered to about 9% by September 2022. Notably, there was a substantial improvement in the operating profit margin in the last quarter of 2022, reaching 29.16%, which was significantly higher than the previous quarters. This spike in operating profit margin was likely due to increased efficiency or higher revenues relative to costs during that period.
Subsequently, the operating profit margin decreased sharply to around 5.5% by December 2023, before gradually recovering to around 6% by June 2024. However, by December 2024, the operating profit margin declined further to approximately 4%, indicating a decrease in profitability compared to previous quarters.
Overall, Proto Labs Inc's operating profit margin has shown variability over the analyzed period, with both peaks and troughs. It is essential for the company to closely monitor and manage its operational efficiency, cost structures, and revenue generation to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2024