Air Lease Corporation (AL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,498,960 | 1,388,970 | 1,963,110 | 1,919,760 | 1,893,250 |
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Gross profit margin | 93.07% | 59.94% | 94.00% | 95.25% | 93.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,498,960K ÷ $2,684,980K
= 93.07%
The gross profit margin of Air Lease Corporation has exhibited fluctuations over the past five years. In 2023, the gross profit margin significantly increased to 93.07% from 59.94% in 2022, indicating a marked improvement in the company's ability to generate profits from its core operations. This surge in gross profit margin suggests enhanced efficiency in managing production costs or increased revenue generation.
Compared to the exceptionally high gross profit margin of 94.00% in 2021 and 95.25% in 2020, the margin in 2023 experienced a slight decrease. However, it still remains at a relatively high level, indicating a strong competitive position and effective cost control measures within the company. The gross profit margin has been consistently robust over the years, ranging from 93.07% to 95.25%, reflecting Air Lease Corporation's ability to maintain healthy profitability levels amidst changing market conditions.
Overall, the trends in Air Lease Corporation's gross profit margin suggest a solid performance in managing costs and generating profits from its operations, positioning the company well in the industry.
Peer comparison
Dec 31, 2023