Chemed Corp (CHE)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	854,348	796,554	765,086	769,803	701,386
Revenue	US$ in thousands	2,431,290	2,264,420	2,134,960	2,139,260	2,079,580
Gross profit margin		35.14%	35.18%	35.84%	35.98%	33.73%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $854,348K ÷ $2,431,290K
= 35.14%

Chemed Corp's gross profit margin has shown a generally positive trend over the period from December 31, 2020, to December 31, 2024. Starting at 33.73% in 2020, the margin increased to 35.98% in 2021. Although there was a slight dip to 35.84% in 2022, the margin remained relatively stable around the mid-35% range in the subsequent years, with percentages of 35.18% in 2023 and 35.14% in 2024. The consistency in maintaining a gross profit margin above 35% suggests that Chemed Corp has been effectively managing its production costs and pricing strategy to generate a healthy level of profitability from its core operations.