BWX Technologies Inc (BWXT)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	574,323	508,605	519,851	545,144	496,720
Revenue	US$ in thousands	2,450,040	2,189,500	2,093,650	2,093,260	1,857,780
Gross profit margin		23.44%	23.23%	24.83%	26.04%	26.74%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $574,323K ÷ $2,450,040K
= 23.44%

The gross profit margin of BWX Technologies Inc has exhibited a decreasing trend over the past five years, declining from 28.17% in 2019 to 24.86% in 2023. This indicates that the company's ability to generate profits from its core business operations has weakened over this period. Factors contributing to this trend may include increasing production costs, pricing pressures, or changes in sales mix. Management should closely monitor and address these issues to improve the company's profitability and operational efficiency in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

BWX Technologies Inc

BWXT

23.44%

Brunswick Corporation