United Therapeutics Corporation (UTHR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	984,800	727,300	475,800	514,800	-104,500
Revenue	US$ in thousands	2,268,200	1,903,900	1,666,900	1,483,300	1,448,800
Net profit margin		43.42%	38.20%	28.54%	34.71%	-7.21%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $984,800K ÷ $2,268,200K
= 43.42%

United Therapeutics Corp's net profit margin has shown significant variation over the past five years. The company's net profit margin increased from 2019 to 2020, reaching 34.71%, indicating a strong profitability ratio. However, in 2021, there was a drop in the net profit margin to 28.23%, which may suggest a decrease in profitability compared to the previous year.

The most significant improvement in net profit margin was observed in 2022, where it increased to 37.56%, showing a positive trend in the company's profitability. Additionally, in 2023, United Therapeutics Corp achieved a notable net profit margin of 42.31%, indicating an even higher level of profitability compared to the previous years.

Overall, the trend in United Therapeutics Corp's net profit margin demonstrates both fluctuations and improvements over the five-year period, with notable increases in the past two years, highlighting the company's potential for generating profits relative to its revenue.