Vericel Corp Ord (VCEL)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	4,519	-6,464	-17,058	-7,854	667
Revenue	US$ in thousands	237,224	197,516	164,365	156,184	124,179
Operating profit margin		1.90%	-3.27%	-10.38%	-5.03%	0.54%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $4,519K ÷ $237,224K
= 1.90%

Vericel Corp Ord's operating profit margin has shown fluctuations over the years based on the provided data. In December 31, 2020, the company had an operating profit margin of 0.54%, indicating that it was able to generate a small profit relative to its operating revenue. This margin declined significantly to -5.03% by December 31, 2021, signaling that the company's operating expenses exceeded its operating income, leading to a negative margin.

The trend continued into December 31, 2022, with a further decrease in the operating profit margin to -10.38%, highlighting operational challenges that impacted profitability. However, there was a slight improvement by December 31, 2023, with the operating profit margin less negative at -3.27%, indicating some progress in controlling operating expenses relative to revenue.

By December 31, 2024, Vericel Corp Ord managed to turn around its operating profit margin to a positive 1.90%, signifying that the company was able to generate a profit from its core operations. Overall, the fluctuating operating profit margins reflect the company's ability to effectively manage operational costs and generate income over the years, with a notable recovery in profitability by 2024.