Schrodinger Inc (SDGR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 40,720 | -149,186 | -100,393 | -24,463 |
| Revenue | US$ in thousands | 216,666 | 180,955 | 137,931 | 108,095 |
| Net profit margin | 18.79% | -82.44% | -72.78% | -22.63% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $40,720K ÷ $216,666K
= 18.79%
The net profit margin of Schrodinger Inc has displayed significant variability over the past five years. In 2023, the company's net profit margin improved significantly to 18.79%, reflecting a strong ability to convert revenue into profit. This is a marked contrast to the negative net profit margins seen in 2022 (-82.44%) and 2021 (-72.78%), which indicated substantial losses relative to revenue during those years.
The negative net profit margins in 2020 (-22.63%) and 2019 (-28.72%) suggest that the company was also struggling to generate profits in those years, although the margins were not as severe as in 2021 and 2022.
Overall, the positive net profit margin in 2023 indicates an improvement in Schrodinger Inc's profitability compared to the preceding years. It would be essential for the company to sustain and build on this positive trend to ensure long-term financial health and stability.
Peer comparison
Dec 31, 2023