Alamo Group Inc (ALG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 412,488 | 453,644 | 376,518 | 334,514 | 292,110 |
| Revenue | US$ in thousands | 1,628,510 | 1,689,650 | 1,513,620 | 1,334,220 | 1,163,470 |
| Gross profit margin | 25.33% | 26.85% | 24.88% | 25.07% | 25.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $412,488K ÷ $1,628,510K
= 25.33%
The gross profit margin of Alamo Group Inc has shown some fluctuations over the past five years. In December 2020, the gross profit margin stood at 25.11%, and there was a slight decrease to 25.07% by December 2021. The margin further declined to 24.88% by December 2022. However, there was a noticeable improvement in December 2023 as the gross profit margin increased to 26.85%. By December 2024, the margin decreased slightly to 25.33%.
Overall, the trend in the gross profit margin of Alamo Group Inc appears somewhat fluctuating, with some years experiencing declines and others showing improvements. It is essential for the company to closely monitor and manage its cost of goods sold and pricing strategies to maintain a healthy gross profit margin and ensure sustainable profitability.
Peer comparison
Dec 31, 2024