RadNet Inc (RDNT)

Net profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 3,044 3,969 -12,903 -13,367 10,651 7,763 23,315 18,283 24,728 34,508 24,444 10,977 -14,839 -10,399 -13,360 2,133 14,758 33,497 35,341 35,848
Revenue (ttm) US$ in thousands 1,616,630 1,580,123 1,528,199 1,478,859 1,430,062 1,379,335 1,361,981 1,341,524 1,315,076 1,289,862 1,248,948 1,105,596 1,071,841 1,064,746 1,065,662 1,164,193 1,154,178 1,110,549 1,060,005 1,015,303
Net profit margin 0.19% 0.25% -0.84% -0.90% 0.74% 0.56% 1.71% 1.36% 1.88% 2.68% 1.96% 0.99% -1.38% -0.98% -1.25% 0.18% 1.28% 3.02% 3.33% 3.53%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,044K ÷ $1,616,630K
= 0.19%

The net profit margin of Radnet Inc has been fluctuating over the past eight quarters. In Q4 2023, the company achieved a net profit margin of 0.19%, which was lower than the previous quarter's margin of 0.25%. However, this margin was still positive, indicating that the company was able to generate a profit relative to its revenue.

In Q3 2023, the net profit margin decreased to 0.25% from the previous quarter's 0.74%, showing a decline in profitability. The company experienced negative net profit margins in Q2 2023 (-0.84%) and Q1 2023 (-0.90%), indicating that expenses exceeded revenues during those periods.

Comparing the latest net profit margin to the same quarter a year ago, Q4 2022, the margin decreased from 0.74% to 0.19%. This downward trend suggests a potential decline in the company's profitability compared to the previous year.

Overall, the fluctuating net profit margins of Radnet Inc indicate varying levels of profitability and efficiency in generating profits from its revenues over the past eight quarters. Monitoring and analyzing these margins can provide insights into the company's financial performance and help evaluate its profitability sustainability.


Peer comparison

Dec 31, 2023