Belden Inc (BDC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 922,222 | 954,966 | 916,289 | 771,843 | 575,622 |
| Revenue | US$ in thousands | 2,460,980 | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 |
| Gross profit margin | 37.47% | 38.01% | 35.15% | 33.54% | 32.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $922,222K ÷ $2,460,980K
= 37.47%
Based on the data provided, Belden Inc's gross profit margin has exhibited an increasing trend over the period from December 31, 2020, to December 31, 2024. The gross profit margin stood at 32.85% in December 2020 and improved to 33.54% by December 2021. Subsequently, there was a notable increase to 35.15% by December 2022, followed by a further rise to 38.01% by December 2023. However, there was a slight decrease to 37.47% by December 2024.
Overall, the increasing trend in the gross profit margin is indicative of Belden Inc's ability to efficiently control its production costs and generate more profit from its sales. The slight decrease in 2024 may warrant further investigation to understand the factors influencing this change and assess its impact on the company's profitability in the future.
Peer comparison
Dec 31, 2024