Vericel Corp Ord (VCEL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -6,464 | -17,058 | -7,854 | 2,372 | -11,251 |
| Revenue | US$ in thousands | 197,516 | 164,365 | 156,184 | 124,179 | 117,850 |
| Operating profit margin | -3.27% | -10.38% | -5.03% | 1.91% | -9.55% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-6,464K ÷ $197,516K
= -3.27%
The operating profit margin of Vericel Corp has displayed fluctuating performance over the past five years. In 2019, the company experienced a significant decline with an operating profit margin of -9.55%. This was followed by a slight improvement in 2020, where the margin increased to 1.91%. However, the company faced challenges in 2021, as the operating profit margin decreased to -5.03%. The performance worsened in 2022, with a margin of -10.38%. In 2023, the operating profit margin showed a further decline to -3.27%. Overall, Vericel Corp's operating profit margins have been inconsistent, indicating potential volatility in its operational efficiency and profitability.
Peer comparison
Dec 31, 2023