Net Profit Margin
since 2005
Calculation
AmerisourceBergen Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to AmerisourceBergen Corporation1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | 0.71% | = | 100 | × | 1,698,820) | ÷ | 238,587,006) |
| Sep 30, 2021 | 0.72% | = | 100 | × | 1,539,932) | ÷ | 213,988,843) |
| Sep 30, 2020 | -1.80% | = | 100 | × | (3,408,716) | ÷ | 189,893,926) |
| Sep 30, 2019 | 0.48% | = | 100 | × | 855,365) | ÷ | 179,589,121) |
| Sep 30, 2018 | 0.99% | = | 100 | × | 1,658,405) | ÷ | 167,939,635) |
| Sep 30, 2017 | 0.24% | = | 100 | × | 364,484) | ÷ | 153,143,826) |
| Sep 30, 2016 | 0.97% | = | 100 | × | 1,427,929) | ÷ | 146,849,686) |
| Sep 30, 2015 | -0.10% | = | 100 | × | (134,887) | ÷ | 135,961,803) |
| Sep 30, 2014 | 0.23% | = | 100 | × | 276,484) | ÷ | 119,569,127) |
| Sep 30, 2013 | 0.49% | = | 100 | × | 433,707) | ÷ | 87,959,167) |
| Sep 30, 2012 | 0.90% | = | 100 | × | 718,986) | ÷ | 79,489,596) |
| Sep 30, 2011 | 0.88% | = | 100 | × | 706,624) | ÷ | 80,217,558) |
| Sep 30, 2010 | 0.82% | = | 100 | × | 636,748) | ÷ | 77,953,979) |
| Sep 30, 2009 | 0.70% | = | 100 | × | 503,397) | ÷ | 71,759,990) |
| Sep 30, 2008 | 0.36% | = | 100 | × | 250,559) | ÷ | 70,189,733) |
| Sep 30, 2007 | 0.71% | = | 100 | × | 469,167) | ÷ | 66,074,312) |
| Sep 30, 2006 | 0.76% | = | 100 | × | 467,714) | ÷ | 61,203,145) |
| Sep 30, 2005 | 0.48% | = | 100 | × | 264,645) | ÷ | 54,577,321) |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
The financial performance of AmerisourceBergen Corp. between 2005 and 2022 is characterized by aggressive revenue expansion coupled with consistently thin and volatile net profit margins. While total revenue grew from approximately $54.6 billion in 2005 to $238.6 billion in 2022, the net profit margin remained typically below 1%, reflecting the high-volume, low-margin nature of the pharmaceutical distribution industry.
- Revenue Growth Trends
- A consistent upward trajectory in revenue is observed over the 17-year period. The growth was relatively steady until 2014, after which the scale of operations accelerated significantly, more than doubling from $119.6 billion in 2014 to $238.6 billion by 2022.
- Net Profit Margin Volatility
- The net profit margin exhibited significant fluctuations, rarely sustaining a stable percentage. Between 2005 and 2012, margins generally fluctuated between 0.36% and 0.90%. However, the period from 2013 to 2022 showed increased instability, with margins swinging from peaks near 1.00% to sharp contractions.
- Analysis of Negative Margin Events
- Two primary instances of negative profitability are evident. In 2015, the net profit margin dipped to -0.10%, coinciding with a net loss of $134.9 million. A more severe contraction occurred in 2020, where the net profit margin fell to -1.80% due to a substantial net loss of $3.4 billion, representing the most significant downturn in the observed period.
- Recent Performance and Recovery
- Following the sharp decline in 2020, a recovery phase is observed. Net profit margins returned to positive territory in 2021 (0.72%) and remained stable at 0.71% in 2022. This suggests a return to the historical baseline of profitability despite the massive increase in the revenue base.
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Comparison to Competitors
AmerisourceBergen Corp., net profit margin, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2022 | 0.71% | 15.88% | 3.87% | 21.25% | 15.90% | 6.25% |
| Sep 30, 2021 | 0.72% | 16.42% | 4.46% | 29.85% | 11.97% | 6.06% |
| Sep 30, 2020 | -1.80% | 12.99% | 3.78% | 24.33% | 16.56% | 6.03% |
| Sep 30, 2019 | 0.48% | 11.56% | 4.66% | 30.80% | 15.16% | 5.76% |
| Sep 30, 2018 | 0.99% | 7.74% | 4.11% | 30.29% | 10.36% | 5.33% |
| Sep 30, 2017 | 0.24% | 1.74% | 4.31% | 21.09% | 13.56% | 5.28% |
| Sep 30, 2016 | 0.97% | 6.71% | 2.93% | 27.21% | 12.27% | 3.81% |
| Sep 30, 2015 | -0.10% | 21.68% | 3.27% | 24.69% | 13.20% | 3.72% |
| Sep 30, 2014 | 0.23% | 11.28% | 3.52% | 19.65% | 18.02% | 4.33% |
| Sep 30, 2013 | 0.49% | 11.79% | 3.55% | 29.62% | 20.90% | 4.62% |
| Sep 30, 2012 | 0.90% | 14.95% | 4.37% | 30.14% | 22.35% | 5.03% |
| Sep 30, 2011 | 0.88% | 12.17% | 4.42% | 28.17% | 19.43% | 5.08% |
| Sep 30, 2010 | 0.82% | 13.15% | 4.99% | 27.02% | 19.59% | 4.95% |
| Sep 30, 2009 | 0.70% | 18.68% | 7.80% | 22.11% | 14.86% | 4.42% |
| Sep 30, 2008 | 0.36% | 16.53% | 4.04% | 23.35% | 16.51% | 3.70% |
| Sep 30, 2007 | 0.71% | 13.92% | 5.56% | 24.06% | 22.78% | 6.26% |
| Sep 30, 2006 | 0.76% | 7.64% | 5.52% | 19.33% | 22.55% | 5.89% |
| Sep 30, 2005 | 0.48% | 15.10% | 5.53% | 41.41% | 17.94% | 7.36% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Health Care Equipment & Services)
AmerisourceBergen Corp., net profit margin, long-term trends, comparison to sector (health care equipment & services)
| AmerisourceBergen Corp. | Health Care Equipment & Services | |
|---|---|---|
| Sep 30, 2022 | 0.71% | 7.05% |
| Sep 30, 2021 | 0.72% | 7.14% |
| Sep 30, 2020 | -1.80% | 6.82% |
| Sep 30, 2019 | 0.48% | 6.91% |
| Sep 30, 2018 | 0.99% | 5.87% |
| Sep 30, 2017 | 0.24% | 5.60% |
| Sep 30, 2016 | 0.97% | 4.73% |
| Sep 30, 2015 | -0.10% | 5.78% |
| Sep 30, 2014 | 0.23% | 5.76% |
| Sep 30, 2013 | 0.49% | 6.37% |
| Sep 30, 2012 | 0.90% | 8.05% |
| Sep 30, 2011 | 0.88% | 7.40% |
| Sep 30, 2010 | 0.82% | 7.67% |
| Sep 30, 2009 | 0.70% | 8.63% |
| Sep 30, 2008 | 0.36% | 6.88% |
| Sep 30, 2007 | 0.71% | 8.40% |
| Sep 30, 2006 | 0.76% | 7.20% |
| Sep 30, 2005 | 0.48% | 9.04% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Health Care)
AmerisourceBergen Corp., net profit margin, long-term trends, comparison to industry (health care)
| AmerisourceBergen Corp. | Health Care | |
|---|---|---|
| Sep 30, 2022 | 0.71% | 14.65% |
| Sep 30, 2021 | 0.72% | 15.24% |
| Sep 30, 2020 | -1.80% | 10.27% |
| Sep 30, 2019 | 0.48% | 14.56% |
| Sep 30, 2018 | 0.99% | 12.61% |
| Sep 30, 2017 | 0.24% | 9.26% |
| Sep 30, 2016 | 0.97% | 12.80% |
| Sep 30, 2015 | -0.10% | 13.94% |
| Sep 30, 2014 | 0.23% | 14.40% |
| Sep 30, 2013 | 0.49% | 15.04% |
| Sep 30, 2012 | 0.90% | 13.92% |
| Sep 30, 2011 | 0.88% | 12.06% |
| Sep 30, 2010 | 0.82% | 11.90% |
| Sep 30, 2009 | 0.70% | 17.77% |
| Sep 30, 2008 | 0.36% | 13.00% |
| Sep 30, 2007 | 0.71% | 12.52% |
| Sep 30, 2006 | 0.76% | 15.30% |
| Sep 30, 2005 | 0.48% | 14.61% |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).