Baxter International Inc (BAX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,701,000 | 4,975,000 | 5,397,000 | 5,105,000 | 4,587,000 |
| Revenue | US$ in thousands | 4,513,000 | 14,813,000 | 15,113,000 | 12,784,000 | 11,673,000 |
| Gross profit margin | 37.69% | 33.59% | 35.71% | 39.93% | 39.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,701,000K ÷ $4,513,000K
= 37.69%
Based on the provided data, Baxter International Inc's gross profit margin has shown fluctuations over the past five years. The company's gross profit margin was 39.30% as of December 31, 2020, which increased slightly to 39.93% by December 31, 2021.
However, there was a notable decrease in the gross profit margin to 35.71% by December 31, 2022, followed by a further decline to 33.59% by December 31, 2023. It is important to note that a declining gross profit margin may indicate increasing costs of production relative to sales revenue.
The most recent data available as of December 31, 2024, shows an improvement in the gross profit margin to 37.69%. While this represents an increase from the previous year, it is still lower than the levels seen in 2020 and 2021.
Overall, Baxter International Inc's gross profit margin has displayed variability, suggesting potential changes in the company's cost structure or pricing strategies. Further analysis of the factors influencing these fluctuations would be essential to better understand the company's financial performance and competitiveness in the industry.
Peer comparison
Dec 31, 2024