Gross Profit Trends Compared: Bio-Techne Corporation vs Lantheus Holdings, Inc.

Biotech Giants' Gross Profit Growth: A Decade in Review

__timestampBio-Techne CorporationLantheus Holdings, Inc.
Wednesday, January 1, 2014251411000125519000
Thursday, January 1, 2015307277000135522000
Friday, January 1, 2016336659000137780000
Sunday, January 1, 2017374541000162135000
Monday, January 1, 2018432143000174885000
Tuesday, January 1, 2019473491000174811000
Wednesday, January 1, 2020483194000138761000
Friday, January 1, 2021632850000187695000
Saturday, January 1, 2022756496000581703000
Sunday, January 1, 2023769815000709543000
Monday, January 1, 2024769725000
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Cracking the code

Gross Profit Trends in the Biotech Sector: A Comparative Analysis

In the ever-evolving landscape of biotechnology, financial performance is a key indicator of a company's health and potential. This analysis delves into the gross profit trends of two prominent players: Bio-Techne Corporation and Lantheus Holdings, Inc., from 2014 to 2023.

Bio-Techne Corporation has demonstrated a robust growth trajectory, with its gross profit increasing by over 200% from 2014 to 2023. Notably, the company saw a significant surge in 2021, with profits jumping by approximately 31% compared to the previous year. Meanwhile, Lantheus Holdings, Inc. experienced a remarkable 465% increase in gross profit from 2014 to 2023, with a substantial leap in 2022, marking a 210% rise from 2021.

These trends underscore the dynamic nature of the biotech industry, where innovation and strategic investments drive financial success. However, it's important to note that data for 2024 is incomplete, reflecting the unpredictable nature of market conditions.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025