Viemed Healthcare (TSX:VMD) Net Margin % : 3.17% (As of Mar. 2024)

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What is Viemed Healthcare Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Viemed Healthcare's Net Income for the three months ended in Mar. 2024 was C$2.2 Mil. Viemed Healthcare's Revenue for the three months ended in Mar. 2024 was C$68.5 Mil. Therefore, Viemed Healthcare's net margin for the quarter that ended in Mar. 2024 was 3.17%.

The historical rank and industry rank for Viemed Healthcare's Net Margin % or its related term are showing as below:

TSX:VMD' s Net Margin % Range Over the Past 10 Years
Min: 3.92 Med: 9.21 Max: 24.01
Current: 5.32

TSX:VMD's Net Margin % is ranked better than
62.36% of 821 companies
in the Medical Devices & Instruments industry
Industry Median: -1.34 vs TSX:VMD: 5.32

Viemed Healthcare Net Margin % Historical Data

The historical data trend for Viemed Healthcare'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.

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Viemed Healthcare Net Margin % Chart

Viemed Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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10.62

24.01

7.80

4.48

5.60

Viemed Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															3.84	5.38	5.91	6.85	3.17

Competitive Comparison of Viemed Healthcare's Net Margin %

For the Medical Devices subindustry, Viemed Healthcare'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.

Viemed Healthcare's Net Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Viemed Healthcare's Net Margin % distribution charts can be found below:

* The bar in red indicates where Viemed Healthcare's Net Margin % falls into.

Viemed Healthcare 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.

Viemed Healthcare's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	13.742	/	245.524
	=	5.60 %

Viemed Healthcare's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.17	/	68.483
	=	3.17 %

Viemed Healthcare (TSX:VMD) 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.

Viemed Healthcare Net Margin % Related Terms

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Viemed Healthcare (TSX:VMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Viemed Healthcare Inc (TSX:VMD) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

VMD:USA VIJ:Germany

Address

625 E. Kaliste Saloom Road, Lafayette, LA, USA, 70508

Website

https://www.viemed.com

Viemed Healthcare Inc is a provider of equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services.