Amphastar P (AMPH)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	373,855	351,121	248,860	199,739	143,340
Revenue	US$ in thousands	731,967	644,395	498,987	437,768	349,846
Gross profit margin		51.08%	54.49%	49.87%	45.63%	40.97%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $373,855K ÷ $731,967K
= 51.08%

The gross profit margin of Amphastar P has shown a positive trend over the past five years. Starting at 40.97% on December 31, 2020, the margin has steadily increased to 45.63% by the end of 2021, further improving to 49.87% by December 31, 2022. The trend continued with a substantial increase to 54.49% by December 31, 2023, indicating efficient cost management and profitability. However, there was a slight dip to 51.08% by the end of 2024.

Overall, the improving gross profit margin signifies the company's ability to effectively control its production costs and generate higher revenues relative to the cost of goods sold. This trend suggests an increase in profitability and operational efficiency for Amphastar P over the analyzed period.