Astec Industries Inc (ASTE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 327,900 | 330,800 | 264,100 | 251,700 | 240,100 |
| Revenue | US$ in thousands | 1,305,100 | 1,338,200 | 1,274,500 | 1,097,200 | 1,024,400 |
| Gross profit margin | 25.12% | 24.72% | 20.72% | 22.94% | 23.44% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $327,900K ÷ $1,305,100K
= 25.12%
Astec Industries Inc's gross profit margin has shown some fluctuation over the past five years. It decreased from 23.44% as of December 31, 2020, to 22.94% as of December 31, 2021. This downward trend continued into 2022, with the margin further declining to 20.72%. However, the company managed to reverse this trend in 2023, achieving a higher gross profit margin of 24.72%. Furthermore, the margin continued to improve in 2024, reaching 25.12%.
Overall, the company's gross profit margin has displayed variability, with some years showing declines and others demonstrating improvement. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's ability to effectively manage its costs and generate profits from its operations.
Peer comparison
Dec 31, 2024