Ametek Inc (AME)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,476,470 | 6,596,950 | 2,145,270 | 1,912,610 | 1,543,510 |
| Revenue | US$ in thousands | 6,941,180 | 6,596,950 | 6,150,530 | 5,546,510 | 4,540,030 |
| Gross profit margin | 35.68% | 100.00% | 34.88% | 34.48% | 34.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,476,470K ÷ $6,941,180K
= 35.68%
Ametek Inc's gross profit margin has shown a consistent improvement over the years, with a gradual increase from 34.00% as of December 31, 2020, to 35.68% as of December 31, 2024. The company saw a significant spike to 100.00% as of December 31, 2023, which could be due to certain unique factors impacting the calculation of the gross profit margin for that particular year. Overall, the upward trend in the gross profit margin indicates that Ametek Inc has been effectively managing its cost of goods sold and generating higher profits from its sales over the period under consideration.
Peer comparison
Dec 31, 2024