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