Artivion Inc (AORT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 248,781 | 229,176 | 202,523 | 197,514 | 167,784 |
| Revenue | US$ in thousands | 388,537 | 354,004 | 313,789 | 298,836 | 253,227 |
| Gross profit margin | 64.03% | 64.74% | 64.54% | 66.09% | 66.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $248,781K ÷ $388,537K
= 64.03%
Artivion Inc's gross profit margin has shown some fluctuation over the past five years, ranging from 66.26% in December 31, 2020, to 64.03% in December 31, 2024. The company's gross profit margin peaked in 2020 but has gradually declined since then. This decreasing trend suggests that Artivion Inc may be facing challenges in maintaining its profitability on sales after accounting for the cost of goods sold. As gross profit margin indicates the efficiency of the company's production and pricing strategies, management may need to assess and address the factors contributing to this decline to sustain profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024