Repligen Corporation (RGEN)

Net 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
Net income (ttm)	US$ in thousands	-29,108	-20,727	-1,901	14,842	41,577	115,794	138,027	167,824	185,959	166,340	159,433	145,805	128,291	118,879	99,933	79,561	59,926	43,832	30,939	23,173
Revenue (ttm)	US$ in thousands	627,837	616,033	602,354	607,450	638,764	669,783	729,332	777,796	801,536	801,295	778,770	734,097	670,534	592,661	508,505	433,007	366,260	327,086	302,471	285,701
Net profit margin		-4.64%	-3.36%	-0.32%	2.44%	6.51%	17.29%	18.93%	21.58%	23.20%	20.76%	20.47%	19.86%	19.13%	20.06%	19.65%	18.37%	16.36%	13.40%	10.23%	8.11%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-29,108K ÷ $627,837K
= -4.64%

The net profit margin of Repligen Corporation has displayed variability over the period from March 31, 2020, to December 31, 2024. The margin started at 8.11% in March 2020 and showed a gradual increase, reaching a peak of 23.20% by December 31, 2022. This upward trend indicates improving profitability relative to revenue during this period.

However, the net profit margin started declining in the subsequent quarters, dropping to 6.51% by December 31, 2023. This downward trend became more pronounced in the following quarters, with margins turning negative (-0.32% to -4.64%) from June 30, 2024, to December 31, 2024.

The declining net profit margins suggest challenges or inefficiencies in managing costs and expenses in relation to revenue generation during the latter part of the period. It would be essential for the company to analyze the factors contributing to this decline and implement strategies to improve profitability in future quarters.