Crocs Inc (CROX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,410,260 | 2,210,010 | 1,860,280 | 1,420,220 | 749,948 |
| Revenue | US$ in thousands | 4,094,330 | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 |
| Gross profit margin | 58.87% | 58.17% | 54.38% | 61.97% | 54.51% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,410,260K ÷ $4,094,330K
= 58.87%
Crocs Inc's gross profit margin has displayed fluctuations over the years based on the provided data. In 2020, the gross profit margin stood at 54.51%, showing a moderate level of profitability from its core operations. The following year, there was a notable increase as the margin surged to 61.97%, indicating a significant improvement in the company's ability to generate profit after deducting the cost of goods sold.
However, in 2022, the gross profit margin dropped to 54.38%, reflecting a decline in the profitability efficiency of Crocs Inc in that particular year. Subsequently, in 2023, there was a rebound in the gross profit margin to 58.17%, suggesting a recovery in the company's profitability metrics.
By the end of 2024, Crocs Inc's gross profit margin further increased to 58.87%, indicating a continued positive trend in profitability. Overall, the company has experienced fluctuations in its gross profit margin over the years, demonstrating varying levels of efficiency in managing its production costs and generating profits from its sales.
Peer comparison
Dec 31, 2024