The historical rank and industry rank for iRhythm Technologies's Net Margin % or its related term are showing as below:
IRTC'
s Net Margin % Range Over the Past 10 Years
Min: -72.79 Med: -30.7 Max: -16.53
Current: -26.9
IRTC's Net Margin % is ranked worse than 65.29% of 821
companies
in the Medical Devices & Instruments industry
Industry Median: -1.28
vs IRTC: -26.90
iRhythm Technologies Net Margin % Historical Data
The historical data trend for iRhythm Technologies's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of iRhythm Technologies's Net Margin %
For the Medical Devices subindustry, iRhythm Technologies's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
iRhythm Technologies's Net Margin % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iRhythm Technologies's Net Margin % distribution charts can be found below:
* The bar in red indicates where iRhythm Technologies's Net Margin % falls into.
iRhythm Technologies Net Margin % Calculation
Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.
iRhythm Technologies's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
iRhythm Technologies (NAS:IRTC) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
iRhythm Technologies Net Margin % Related Terms
Thank you for viewing the detailed overview of iRhythm Technologies's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
iRhythm Technologies Inc is a commercial-stage digital healthcare company redefining the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities. The company's portfolio includes ambulatory cardiac monitoring services on a platform, called the Zio service, which combines an easy-to-wear and unobtrusive biosensor that can be worn for several days with powerful proprietary algorithms that distill data from millions of heartbeats into clinically actionable information. The company derived its revenue from the United States.
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