Arrow Electronics Inc (ARW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,292,410 | 4,149,020 | 4,836,620 | 4,202,360 | 3,191,130 |
| Revenue | US$ in thousands | 27,923,300 | 33,107,100 | 37,124,400 | 34,477,000 | 28,673,400 |
| Gross profit margin | 11.79% | 12.53% | 13.03% | 12.19% | 11.13% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,292,410K ÷ $27,923,300K
= 11.79%
The gross profit margin of Arrow Electronics Inc has shown fluctuations over the past five years. As of December 31, 2020, the gross profit margin stood at 11.13%, indicating that the company retained approximately 11.13% of its revenue after deducting the cost of goods sold. This margin improved to 12.19% by December 31, 2021, suggesting an increase in profitability.
By December 31, 2022, the gross profit margin further increased to 13.03%, reflecting a stronger ability to generate profits from sales. However, there was a slight decline in the margin to 12.53% by December 31, 2023, possibly due to changes in cost structures or pricing strategies.
As of the latest available data on December 31, 2024, the gross profit margin decreased to 11.79%, indicating a reduction in the percentage of revenue retained as profits. It is important for Arrow Electronics Inc to closely monitor its cost of goods sold and pricing strategies to maintain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024