Smith AO Corporation (AOS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,456,100 | 1,484,800 | 1,329,600 | 1,310,900 | 1,108,200 |
| Revenue | US$ in thousands | 3,818,100 | 3,840,800 | 3,744,500 | 3,534,600 | 2,888,000 |
| Gross profit margin | 38.14% | 38.66% | 35.51% | 37.09% | 38.37% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,456,100K ÷ $3,818,100K
= 38.14%
Smith AO Corporation's gross profit margin has shown a fluctuating trend over the past five years. Starting at 38.37% in December 2020, it experienced a slight decrease to 37.09% by December 2021. This trend continued with a further decline to 35.51% by December 2022. However, there was a notable improvement in the profit margin in December 2023, reaching 38.66%. In the most recent year, December 2024, the gross profit margin remained relatively stable at 38.14%.
Overall, while there were fluctuations in Smith AO Corporation's gross profit margin over the period analyzed, the company was able to effectively manage its gross profit relative to its revenue. It is important for the company to continue monitoring and analyzing factors impacting the gross profit margin to ensure sustainable profitability and efficient cost management.
Peer comparison
Dec 31, 2024