Bio-Rad Laboratories Inc (BIO)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,378,900	1,426,950	1,567,330	1,640,660	1,437,820
Revenue	US$ in thousands	2,566,500	2,671,260	2,802,250	2,922,540	2,545,630
Gross profit margin		53.73%	53.42%	55.93%	56.14%	56.48%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,378,900K ÷ $2,566,500K
= 53.73%

Based on the data provided, Bio-Rad Laboratories Inc's gross profit margin has shown a slight decrease over the years. It was 56.48% as of December 31, 2020, and declined to 53.73% as of December 31, 2024. This trend indicates a potential decrease in the company's ability to generate profit from its sales after accounting for the cost of goods sold. The declining gross profit margin suggests that Bio-Rad Laboratories Inc may be facing challenges in managing its production costs relative to its sales revenue. Further investigation into the factors contributing to the declining gross profit margin would be necessary to determine the underlying reasons for this trend.