Topbuild Corp (BLD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,624,920 | 1,603,820 | 1,486,720 | 974,389 | 746,361 |
| Revenue | US$ in thousands | 5,331,020 | 5,121,100 | 4,950,980 | 3,442,500 | 2,686,160 |
| Gross profit margin | 30.48% | 31.32% | 30.03% | 28.30% | 27.79% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,624,920K ÷ $5,331,020K
= 30.48%
Topbuild Corp has shown a steady improvement in its gross profit margin over the past five years, with the margin increasing from 27.79% in December 31, 2020, to 30.48% in December 31, 2024. This indicates that the company has been able to effectively manage its production and distribution costs relative to its sales revenue, resulting in a higher percentage of revenue being retained as gross profit. The upward trend in the gross profit margin demonstrates a positive financial performance for Topbuild Corp and suggests efficiency in its operations. However, the slight decrease in the margin from 2023 to 2024 may warrant further investigation to understand the factors contributing to this decline.