The Andersons Inc (ANDE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 693,926 | 745,363 | 684,164 | 592,697 | 366,197 |
| Revenue | US$ in thousands | 11,257,500 | 14,750,100 | 17,325,400 | 12,612,000 | 8,064,620 |
| Gross profit margin | 6.16% | 5.05% | 3.95% | 4.70% | 4.54% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $693,926K ÷ $11,257,500K
= 6.16%
The gross profit margin of The Andersons Inc has displayed fluctuations over the past five years. In December 31, 2020, the gross profit margin stood at 4.54%, showing a slight increase to 4.70% by December 31, 2021. However, there was a decrease in the margin to 3.95% by December 31, 2022. The trend reversed in the following year, with the gross profit margin rising to 5.05% by December 31, 2023. The most significant improvement was seen in December 31, 2024, with the gross profit margin reaching 6.16%. Overall, the upward trend in the gross profit margin from 2022 to 2024 indicates an improvement in the company's efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2024