AAON Inc (AAON)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 397,109 | 399,020 | 237,572 | 137,830 | 155,849 |
| Revenue | US$ in thousands | 1,200,640 | 1,168,520 | 888,788 | 534,517 | 514,551 |
| Gross profit margin | 33.07% | 34.15% | 26.73% | 25.79% | 30.29% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $397,109K ÷ $1,200,640K
= 33.07%
AAON Inc's gross profit margin has fluctuated over the years based on the data provided. The gross profit margin decreased from 30.29% in December 31, 2020, to 25.79% in December 31, 2021. However, there was a slight improvement in the margin to 26.73% by December 31, 2022. Subsequently, there was a significant increase in the gross profit margin to 34.15% by December 31, 2023. In the most recent period ending December 31, 2024, the gross profit margin slightly decreased to 33.07%.
Overall, the gross profit margin of AAON Inc has shown some variability, with both decreases and increases observed over the years. It is important for the company to monitor and manage its cost of goods sold effectively to sustain and improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024