RadNet Inc (RDNT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,044 | 10,650 | 24,727 | -14,840 | 14,756 |
| Revenue | US$ in thousands | 1,616,630 | 1,430,060 | 1,315,080 | 1,071,840 | 1,154,180 |
| Net profit margin | 0.19% | 0.74% | 1.88% | -1.38% | 1.28% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,044K ÷ $1,616,630K
= 0.19%
The net profit margin of Radnet Inc has shown fluctuations over the past five years. In 2023, the net profit margin decreased significantly to 0.19% from 0.74% in 2022, which may indicate declining profitability relative to revenue. The 2023 margin is considerably lower compared to the higher margins seen in 2021 and 2019, which were 1.88% and 1.28% respectively. Moreover, in 2020, the company recorded a negative net profit margin of -1.38%, suggesting losses incurred during that period. Overall, the trend in the net profit margin of Radnet Inc indicates variability in the company's ability to generate profits from its operations over the years. Further analysis of the factors influencing these fluctuations would be necessary to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023