Tandem Diabetes Care Inc (TNDM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -96,025 | -222,611 | -94,594 | 15,566 | -34,382 |
| Revenue | US$ in thousands | 940,203 | 747,718 | 801,217 | 702,799 | 498,830 |
| Net profit margin | -10.21% | -29.77% | -11.81% | 2.21% | -6.89% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-96,025K ÷ $940,203K
= -10.21%
Based on the provided data, the net profit margin of Tandem Diabetes Care Inc has fluctuated significantly over the years. In December 31, 2020, the net profit margin was -6.89%, indicating that the company experienced a loss in relation to its revenue. However, by December 31, 2021, the net profit margin improved to 2.21%, suggesting that the company was able to generate a profit of 2.21 cents for every dollar of revenue.
Unfortunately, in the subsequent years, the net profit margin decreased significantly. By December 31, 2022, the net profit margin fell to -11.81%, indicating a loss greater than in 2020. The trend worsened in 2023 with a net profit margin of -29.77%, signifying a substantial decline in profitability. However, there was a slight improvement by December 31, 2024, where the net profit margin was -10.21%, still negative but not as low as in 2023.
Overall, the erratic fluctuations in the net profit margin of Tandem Diabetes Care Inc suggest challenges in maintaining profitability over the years, and the company may need to focus on improving cost management and revenue generation to achieve more stable financial performance in the future.
Peer comparison
Dec 31, 2024