Xencor Inc (XNCR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -138,639 | -82,473 | 43,767 | -76,797 | 13,824 |
| Revenue | US$ in thousands | 186,926 | 169,417 | 294,261 | 130,765 | 170,319 |
| Operating profit margin | -74.17% | -48.68% | 14.87% | -58.73% | 8.12% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-138,639K ÷ $186,926K
= -74.17%
Xencor Inc's operating profit margin has exhibited significant volatility over the past five years. In 2019, the company achieved an operating profit margin of 8.82%, indicating that for every dollar of revenue generated, the company retained approximately 8.82 cents as operating profit. However, in 2020, this ratio plummeted to -62.59%, signifying that the company incurred operating losses exceeding its revenue.
The subsequent year, 2021, showcased a noteworthy recovery as the operating profit margin surged to 15.91%, reflecting improved operational efficiency and cost management. However, this positive trend was short-lived, as the operating profit margin deteriorated sharply to -50.11% in 2022, suggesting a return to losses at the operating level.
Most recently, in 2023, Xencor Inc's operating profit margin worsened further to -82.36%, indicating a substantial decline in profitability and efficiency in managing operating expenses relative to revenue. The fluctuating trend in the operating profit margin over the years underscores the company's challenges in maintaining consistent profitability and controlling operating costs effectively.
Peer comparison
Dec 31, 2023