Calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Celgene1 | ÷ | Net product sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2018 | 26.51% | = | 100 | × | 4,046) | ÷ | 15,265) |
| Dec 31, 2017 | 22.66% | = | 100 | × | 2,940) | ÷ | 12,973) |
| Dec 31, 2016 | 17.87% | = | 100 | × | 1,999) | ÷ | 11,185) |
| Dec 31, 2015 | 17.49% | = | 100 | × | 1,602) | ÷ | 9,161) |
| Dec 31, 2014 | 26.44% | = | 100 | × | 2,000) | ÷ | 7,564) |
| Dec 31, 2013 | 22.79% | = | 100 | × | 1,450) | ÷ | 6,362) |
| Dec 31, 2012 | 27.04% | = | 100 | × | 1,456) | ÷ | 5,386) |
| Dec 31, 2011 | 28.05% | = | 100 | × | 1,318) | ÷ | 4,700) |
| Dec 31, 2010 | 25.10% | = | 100 | × | 881) | ÷ | 3,508) |
| Dec 31, 2009 | 30.25% | = | 100 | × | 777) | ÷ | 2,567) |
| Dec 31, 2008 | -71.74% | = | 100 | × | (1,534) | ÷ | 2,138) |
| Dec 31, 2007 | 17.41% | = | 100 | × | 226) | ÷ | 1,300) |
| Dec 31, 2006 | 8.50% | = | 100 | × | 69) | ÷ | 812) |
| Dec 31, 2005 | 14.28% | = | 100 | × | 64) | ÷ | 446) |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial trajectory between 2005 and 2018 is characterized by aggressive revenue expansion and a significant period of volatility in the late 2000s, followed by a sustained phase of high-margin profitability.
- Revenue Expansion
- Net product sales grew consistently throughout the analyzed period, rising from 446 million US dollars in 2005 to 15.265 billion US dollars by 2018. This represents a continuous and steep upward trend in market penetration and sales volume.
- Net Income Volatility and Recovery
- Net income experienced extreme fluctuations between 2005 and 2009. After modest gains in the first three years, a substantial net loss of 1.534 billion US dollars was recorded in 2008. This was followed by a sharp recovery in 2009, with net income returning to positive territory at 777 million US dollars, and continuing a general upward climb to peak at 4.046 billion US dollars in 2018.
- Net Profit Margin Analysis
- The net profit margin mirrored the volatility of net income, crashing to -71.74% in 2008 before rebounding to 30.25% in 2009. From 2010 onward, the margin stabilized, generally maintaining a range between 17% and 28%. The period ended with a margin of 26.51%, suggesting that the company successfully scaled its operations while maintaining strong efficiency in converting sales into profit.
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Comparison to Competitors
| Celgene Corp. | AbbVie Inc. | Amgen Inc. | Bristol-Myers Squibb Co. | Danaher Corp. | Eli Lilly & Co. | Gilead Sciences Inc. | Johnson & Johnson | Merck & Co. Inc. | Pfizer Inc. | Regeneron Pharmaceuticals Inc. | Thermo Fisher Scientific Inc. | Vertex Pharmaceuticals Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2018 | 26.51% | 17.36% | 37.25% | 21.81% | 13.33% | 13.16% | 25.16% | 18.75% | 14.71% | 20.79% | 36.42% | 12.06% | 68.80% |
| Dec 31, 2017 | 22.66% | 18.82% | 9.08% | 4.85% | 13.60% | -0.89% | 18.03% | 1.70% | 5.97% | 40.55% | 20.41% | 10.64% | 10.59% |
| Dec 31, 2016 | 17.87% | 23.22% | 35.27% | 22.94% | 15.13% | 12.90% | 45.07% | 23.01% | 9.85% | 13.66% | 18.42% | 11.06% | -6.58% |
| Dec 31, 2015 | 17.49% | 22.50% | 33.13% | 9.45% | 16.33% | 12.07% | 56.32% | 21.99% | 11.25% | 14.25% | 15.50% | 11.64% | -53.89% |
| Dec 31, 2014 | 26.44% | 8.89% | 26.69% | 12.62% | 13.05% | 12.19% | 49.44% | 21.96% | 28.22% | 18.42% | 12.34% | 11.22% | -127.25% |
| Dec 31, 2013 | 22.79% | 21.97% | 27.93% | 15.64% | 14.10% | 20.27% | 28.46% | 19.40% | 10.00% | 42.65% | 20.16% | 9.73% | -36.72% |
| Dec 31, 2012 | 27.04% | 28.70% | 26.11% | 11.12% | 13.10% | 18.09% | 27.57% | 16.14% | 13.05% | 24.70% | 54.43% | 9.42% | -7.01% |
| Dec 31, 2011 | 28.05% | — | 24.08% | 17.46% | 13.50% | 17.90% | 34.60% | 14.87% | 13.05% | 14.84% | -49.74% | 11.34% | 2.10% |
| Dec 31, 2010 | 25.10% | — | 31.56% | 15.92% | 13.58% | 21.97% | 39.26% | 21.65% | 1.87% | 12.18% | -22.76% | 9.60% | -526.35% |
| Dec 31, 2009 | 30.25% | — | 32.09% | 56.42% | 10.30% | 19.82% | 40.74% | 19.82% | 47.04% | 17.27% | -17.88% | 8.41% | -630.27% |
| Dec 31, 2008 | -71.74% | — | 28.57% | 25.47% | 10.38% | -10.17% | 39.55% | 20.31% | 32.74% | 16.78% | -34.69% | 9.47% | -262.02% |
| Dec 31, 2007 | 17.41% | — | 22.12% | 11.19% | 12.42% | 15.85% | 43.27% | 17.31% | 13.54% | 16.82% | -84.46% | 7.81% | -196.61% |
| Dec 31, 2006 | 8.50% | — | 21.29% | 8.85% | 11.69% | 16.97% | -45.98% | 20.73% | 19.59% | 39.98% | -161.30% | 4.46% | -95.63% |
| Dec 31, 2005 | 14.28% | — | 30.56% | 15.62% | 11.24% | 13.52% | 44.99% | 20.61% | 21.04% | 15.76% | -144.19% | 8.48% | -126.43% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)
Celgene Corp., net profit margin, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)
| Celgene Corp. | Pharmaceuticals, Biotechnology & Life Sciences | |
|---|---|---|
| Dec 31, 2018 | 26.51% | 19.82% |
| Dec 31, 2017 | 22.66% | 13.06% |
| Dec 31, 2016 | 17.87% | 20.78% |
| Dec 31, 2015 | 17.49% | 21.17% |
| Dec 31, 2014 | 26.44% | 21.24% |
| Dec 31, 2013 | 22.79% | 21.99% |
| Dec 31, 2012 | 27.04% | 18.53% |
| Dec 31, 2011 | 28.05% | 15.70% |
| Dec 31, 2010 | 25.10% | 15.16% |
| Dec 31, 2009 | 30.25% | 25.73% |
| Dec 31, 2008 | -71.74% | 18.17% |
| Dec 31, 2007 | 17.41% | 15.90% |
| Dec 31, 2006 | 8.50% | 22.24% |
| Dec 31, 2005 | 14.28% | 18.33% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
| Celgene Corp. | Health Care | |
|---|---|---|
| Dec 31, 2018 | 26.51% | 12.61% |
| Dec 31, 2017 | 22.66% | 9.26% |
| Dec 31, 2016 | 17.87% | 12.80% |
| Dec 31, 2015 | 17.49% | 13.94% |
| Dec 31, 2014 | 26.44% | 14.40% |
| Dec 31, 2013 | 22.79% | 15.04% |
| Dec 31, 2012 | 27.04% | 13.92% |
| Dec 31, 2011 | 28.05% | 12.06% |
| Dec 31, 2010 | 25.10% | 11.90% |
| Dec 31, 2009 | 30.25% | 17.77% |
| Dec 31, 2008 | -71.74% | 13.00% |
| Dec 31, 2007 | 17.41% | 12.52% |
| Dec 31, 2006 | 8.50% | 15.30% |
| Dec 31, 2005 | 14.28% | 14.61% |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).