STAAR Surgical Company (STAA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20 | 21,347 | 39,665 | 27,511 | 5,913 |
| Revenue | US$ in thousands | 313,901 | 322,415 | 284,391 | 230,472 | 163,460 |
| Net profit margin | -0.01% | 6.62% | 13.95% | 11.94% | 3.62% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-20K ÷ $313,901K
= -0.01%
STAAR Surgical Company's net profit margin has shown variability over the past five years. The net profit margin increased from 3.62% in December 31, 2020, to 13.95% in December 31, 2022, showing a significant improvement in profitability. However, there was a notable decline in net profit margin in December 31, 2024, where it decreased to -0.01%.
The positive trend in net profit margin from 2020 to 2022 indicates that the company was able to effectively control costs and generate higher profits relative to its revenue during this period. However, the sharp drop in net profit margin in 2024 suggests that the company may have experienced challenges that negatively impacted its profitability.
It is important for STAAR Surgical Company to closely monitor its expenses, operational efficiency, and revenue generation strategies to sustain and improve its net profit margin in the future. Analyzing the factors contributing to the fluctuation in net profit margin will be crucial for the company's financial health and long-term success.
Peer comparison
Dec 31, 2024