Allegion PLC (ALLE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,668,500 | 1,581,500 | 1,322,400 | 1,204,900 | 1,178,800 |
| Revenue | US$ in thousands | 3,772,200 | 3,650,800 | 3,271,900 | 2,867,400 | 2,719,900 |
| Gross profit margin | 44.23% | 43.32% | 40.42% | 42.02% | 43.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,668,500K ÷ $3,772,200K
= 44.23%
Allegion PLC's gross profit margin has exhibited fluctuations over the past five years. Starting at 43.34% on December 31, 2020, the margin decreased to 42.02% by December 31, 2021. This trend continued, with the margin further decreasing to 40.42% by December 31, 2022. However, there was a significant improvement in the gross profit margin in the following year, reaching 43.32% by December 31, 2023. The most recent data point shows a rebound and an increase in the margin to 44.23% by December 31, 2024. Overall, the fluctuation in the gross profit margin reflects changes in Allegion PLC's pricing strategies, cost management, and sales volume over the period under review.