Select Medical Holdings (SEM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 243,491 | 158,994 | 402,225 | 258,995 | 148,449 |
| Revenue | US$ in thousands | 6,457,510 | 6,549,040 | 6,411,890 | 5,748,680 | 5,539,610 |
| Net profit margin | 3.77% | 2.43% | 6.27% | 4.51% | 2.68% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $243,491K ÷ $6,457,510K
= 3.77%
Select Medical Holdings Corporation's net profit margin has shown some fluctuation over the past five years. In 2023, the company's net profit margin improved to 3.52%, up from 2.42% in 2022. This indicates that for every dollar of revenue generated, the company retained 3.52 cents as profit after accounting for all expenses.
Comparing the latest figure to previous years, it appears that the net profit margin was highest in 2021 at 6.27% and lowest in 2019 at 2.72%. The increase in net profit margin from 2022 to 2023 suggests improved profitability, possibly due to effective cost management or revenue growth strategies.
It is important to further investigate the factors contributing to these changes in net profit margin to assess the company's overall financial performance and efficiency in generating profits from its operations.
Peer comparison
Dec 31, 2023