RadNet Inc (RDNT)

Net profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 2,793 3,044 10,650 24,727 -14,840
Revenue US$ in thousands 1,823,480 1,616,630 1,430,060 1,315,080 1,071,840
Net profit margin 0.15% 0.19% 0.74% 1.88% -1.38%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,793K ÷ $1,823,480K
= 0.15%

RadNet Inc's net profit margin has shown fluctuations over the years based on the data provided. In December 2020, the net profit margin was negative, at -1.38%, indicating that the company's expenses exceeded its revenues, resulting in a loss. However, by the end of December 2021, the net profit margin improved significantly to 1.88%, indicating better cost management and increased profitability.

Subsequently, in December 2022, the net profit margin decreased to 0.74%, suggesting a slight decline in profitability compared to the previous year. By December 2023, the net profit margin further decreased to 0.19%, indicating that the company's profitability continued to be under pressure.

In the most recent data available for December 2024, the net profit margin stood at 0.15%. While still positive, the slight decrease in the net profit margin compared to the previous year suggests that RadNet Inc may be facing challenges in maintaining or improving profitability levels.

Overall, RadNet Inc's net profit margin trend indicates some variability in the company's ability to generate profits relative to its revenues over the years, highlighting the importance of monitoring and managing expenses effectively to sustain and enhance profitability in the long term.