Ametek Inc (AME)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,288,030 | 1,101,660 | 942,526 | 783,667 | 854,857 |
| Revenue | US$ in thousands | 6,515,160 | 6,070,930 | 5,472,480 | 4,594,990 | 5,070,080 |
| Gross profit margin | 19.77% | 18.15% | 17.22% | 17.05% | 16.86% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,288,030K ÷ $6,515,160K
= 19.77%
Ametek Inc's gross profit margin has shown a slight increasing trend over the past five years, starting at 34.65% in 2019 and reaching 36.14% in 2023. This indicates that the company has been able to effectively manage its cost of goods sold relative to its sales revenue, leading to a higher portion of revenue retained as gross profit. This improvement suggests that Ametek has been successful in controlling production costs and/or increasing the prices of its products. Overall, the company's gross profit margin demonstrates a positive performance in terms of profitability and operational efficiency.
Peer comparison
Dec 31, 2023