Tandem Diabetes Care Inc (TNDM)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -222,611 | -208,461 | -224,470 | -203,751 | -94,593 | -67,933 | -13,169 | 5,895 | 15,566 | 21,758 | 6,556 | -24,559 | -34,382 | -48,730 | -42,223 | -16,628 | -24,753 | -23,719 | -55,063 | -112,910 |
| Revenue (ttm) | US$ in thousands | 739,136 | 762,842 | 785,031 | 789,444 | 796,589 | 786,083 | 761,228 | 733,133 | 697,845 | 655,914 | 596,546 | 531,931 | 490,754 | 431,087 | 406,936 | 394,167 | 362,230 | 330,031 | 274,984 | 212,752 |
| Net profit margin | -30.12% | -27.33% | -28.59% | -25.81% | -11.87% | -8.64% | -1.73% | 0.80% | 2.23% | 3.32% | 1.10% | -4.62% | -7.01% | -11.30% | -10.38% | -4.22% | -6.83% | -7.19% | -20.02% | -53.07% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-222,611K ÷ $739,136K
= -30.12%
The net profit margin of Tandem Diabetes Care Inc has shown a declining trend over the past quarters, with the values ranging from -29.77% in Q4 2023 to -11.81% in Q4 2022, indicating a decrease in profitability over time. This negative trend suggests that the company's expenses and costs of operations are outpacing its revenues, leading to lower profit margins. The lowest net profit margin was recorded in Q4 2023, highlighting a significant decrease compared to the highest margin of 0.80% in Q1 2022. It is essential for the company to closely monitor and manage its expenses, improve operational efficiency, and enhance revenue generation strategies to reverse this downward trend and ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023