Avanos Medical Inc (AVNS)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 381,300 379,700 450,000 364,300 373,300
Revenue US$ in thousands 687,800 673,300 820,000 744,600 714,800
Gross profit margin 55.44% 56.39% 54.88% 48.93% 52.22%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $381,300K ÷ $687,800K
= 55.44%

Avanos Medical Inc's gross profit margin has shown variability over the past five years. In 2020, the gross profit margin was 52.22%, which decreased to 48.93% in 2021. However, there was a positive trend in the following years, with the margin increasing to 54.88% in 2022, 56.39% in 2023, and then slightly decreasing to 55.44% in 2024. Overall, the company has been able to maintain relatively healthy gross profit margins, indicating efficient cost management and pricing strategies during this period.