Crane Company (CR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 867,800 | 805,000 | 1,339,800 | 1,241,100 | 1,000,500 |
| Revenue | US$ in thousands | 2,131,200 | 2,086,400 | 3,374,900 | 3,180,000 | 2,936,900 |
| Gross profit margin | 40.72% | 38.58% | 39.70% | 39.03% | 34.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $867,800K ÷ $2,131,200K
= 40.72%
The gross profit margin of Crane Company has shown a positive trend over the past five years. Starting at 34.07% in December 2020, it experienced a gradual increase, reaching 40.72% by December 2024. This indicates that the company has been able to effectively control its production costs and maintain a healthy level of profitability on its sales. The steady improvement in the gross profit margin demonstrates Crane Company's ability to generate more profit for each dollar of revenue earned, reflecting positively on its operational efficiency and management of expenses.
Peer comparison
Dec 31, 2024
Company name
Symbol
Gross profit margin
Crane Company
CR
40.72%
Crane NXT Co
CXT
44.73%
Parker-Hannifin Corporation
PH
16.46%
Watts Water Technologies Inc
WTS
47.15%