Api Group Corp (APG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,178,000 | 1,940,000 | 1,714,000 | 939,000 | 756,000 |
| Revenue | US$ in thousands | 7,018,000 | 6,928,000 | 6,558,000 | 3,940,000 | 3,587,000 |
| Gross profit margin | 31.03% | 28.00% | 26.14% | 23.83% | 21.08% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,178,000K ÷ $7,018,000K
= 31.03%
The gross profit margin of Api Group Corp has exhibited a consistent upward trend over the four-year period spanning from December 31, 2020, to December 31, 2024. Specifically, the margin increased from 21.08% at the end of 2020 to 23.83% in 2021, representing an improvement of approximately 2.75 percentage points. This upward trajectory continued in 2022, with the margin rising to 26.14%, a gain of about 2.31 percentage points compared to the previous year. The trend persisted into 2023, where the gross profit margin reached 28.00%, an increase of roughly 1.86 percentage points. The most recent data from 2024 indicates a further enhancement, with the margin attaining 31.03%, reflecting a significant increase of approximately 3.03 percentage points year over year.
Overall, the data demonstrates a steady strengthening of Api Group Corp’s gross profit margin, suggesting improved cost management, pricing strategies, or both. The consistent rise over the reported period may also indicate enhanced operational efficiencies, better control over cost of goods sold, or favorable shifts in product mix. This positive trend signifies an increasing ability to convert sales into gross profit, which is generally viewed as a sign of improving profitability and operational performance by the company.
Peer comparison
Dec 31, 2024