Arcosa Inc (ACA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 443,800 | 422,800 | 366,200 | 382,000 | 332,400 |
| Revenue | US$ in thousands | 2,307,900 | 2,242,800 | 2,036,400 | 1,935,600 | 1,736,900 |
| Gross profit margin | 19.23% | 18.85% | 17.98% | 19.74% | 19.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $443,800K ÷ $2,307,900K
= 19.23%
The gross profit margin of Arcosa Inc has shown a fluctuating trend over the past five years. In 2023, the gross profit margin increased to 19.23% from 18.85% in 2022. This slight improvement indicates that the company was able to generate more gross profit relative to its sales revenue in 2023.
Comparing the most recent gross profit margin to the figures from 2021 and 2020, it appears that there was a gradual increase in 2023 after a dip in 2021. However, the gross profit margin in 2023 is still lower than the levels seen in 2020 and 2019.
Overall, while the increase in gross profit margin in 2023 is a positive sign, it is important to assess the company's operating efficiency and pricing strategies to sustain and further improve profit margins in the future.
Peer comparison
Dec 31, 2023